TORONTO: C.A. Bancorp Inc. (“C.A. Bancorp”) and Sentry Select Capital Corp. (“Sentry Select”) are pleased to announce that Sentry Select Total Strategy Fund (“Total Strategy”) has partnered with C.A. Bancorp in making a private equity investment in High Fidelity HDTV Inc. (“High Fidelity”).

Part of Total Strategy’s overall investment strategy is to invest in a private portfolio of companies. The Trust will provide $1.25 million of the overall $4.0 million investment in Canadian independent broadcaster High Fidelity to support the growth and expansion of High Fidelity’s suite of high definition (“HD”) television channels.

“Continuing to build our portfolio of private investments is key to supporting the success we have achieved to date in Total Strategy,” comments Gordon Higgins, Vice President, Equities, Sentry Select Capital Corp.

“The addition of the private investment in High Fidelity to Total Strategy’s portfolio represents an exciting opportunity,” says Mark MacDonald, Managing Director – Private Investments, C.A. Bancorp. “As public demand for greater high definition content grows, and the cable and satellite providers continue to expand their high definition offerings, we see a very favourable outlook for High Fidelity’s growth.”

High Fidelity launched its first two all-HD channels, Oasis HD and Treasure HD, in March of 2006. That was followed by the launch of two more channels, Rush HD and Equator HD, in September of the same year. High Fidelity has eight additional channel licence approvals from the CRTC, two more channel licence applications working their way through the regulatory process, a thriving television production subsidiary and ambitious expansion plans.

Trading information and NAV: Sentry Select Total Strategy Fund’s units trade on the Toronto Stock Exchange (“TSX”) under the symbol TSF.UN. As of July 13, 2007, Total Strategy’s closing price on the TSX was $10.05 per unit and the most recent net asset value as of July 12, 2007 was $10.76 per unit.

Sentry Select Total Strategy Fund: Sentry Select Total Strategy Fund is a publicly traded closed ended fund which provides investors with an opportunity to benefit from Sentry Select’s extensive management expertise across various investment strategies and C.A. Bancorp’s experience with private equity investments.

C.A. Bancorp Inc.: C.A. Bancorp Inc. is a publicly traded Canadian merchant bank and asset manager that provides investors with access to a range of private equity and alternative asset class investment opportunities, typically available only to institutional and high-net-worth investors. The company is focused on investments in small- and middle-capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors.

Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company that manages over $8 billion in gross assets as of June 30, 2007. The company offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. With 29 reporting issuers, Sentry Select is the leading manager and/or advisor to entities listed on the TSX. In addition, Sentry Select manages and/or provides advisory services to 4 reporting issuers listed on the TSX Venture Exchange.

This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect C.A. Bancorp’s, and Sentry Select’s current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, C.A. Bancorp and Sentry Select cannot assure that the forward-looking statements contained in this news release will be realized.