Final Distribution and Termination of Sentry Select Total Strategy Fund
TORONTO, ONTARIO -- (MARKET WIRE) -- 03/19/09 -- C.A. Bancorp Inc. (TSX: BKP) ("C.A. Bancorp"), as manager of Sentry Select Total Strategy Fund (TSX: TSF.UN) (the "Fund") announces a final distribution to unitholders and termination of the Fund.
It is anticipated that the Fund will be terminated under its declaration of trust effective March 31, 2009. The estimated proceeds to unitholders in connection with the termination of the Fund will be approximately $3.83 per unit, assuming that the termination is completed as planned.
The Fund has applied to be voluntarily delisted from the Toronto Stock Exchange effective at the close of business on March 25, 2009, following which the Fund intends to make the final distribution to unitholders. The Fund intends to cease to be a reporting issuer under applicable securities laws effective March 31, 2009.
C.A. Bancorp Inc.
C.A. Bancorp is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities. C.A. Bancorp 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.
Certain statements included in this news release constitute forward-looking statements, including those identified by the expressions "expect," "believe," "intend," "will" and similar expressions. The forward-looking statements are not historical facts but reflect C.A. Bancorp current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations including, but not limited to, the timing of Mr. Trainor's resignation. Readers are cautioned not to place undue reliance on forward-looking information. C.A. Bancorp undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.