Sentry Select Diversified Income Trust (TSX: SDT.UN) Announces Distribution Guidance for 2008

TORONTO, ONTARIO, Jan 15 (MARKET WIRE) --
Sentry Select Capital Corp. ("Sentry Select") is pleased to announce
that Sentry Select Diversified Income Trust (TSX: SDT.UN) expects to pay
monthly distributions of $0.045 per unit in 2008. However, if the make-up
of the portfolio changes or if such portfolio holdings make distributions
other than in accordance with their indicated guidance, distributions may
differ.

Sentry Select Diversified Income Trust

Sentry Select Diversified Income Trust is a closed-end investment trust
that aims to maximize distributions to unitholders by investing primarily
in high-income securities issued by a broad range of royalty and income
trusts, real estate investment trusts, and limited partnerships and, to a
lesser extent, fixed-income securities and high-yielding common stocks.

Sentry Select Capital Corp.

Sentry Select Capital Corp. is a Canadian wealth management company that
manages approximately $8 billion in gross assets as of December 31, 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. Sentry Select is the manager and/or advisor to 30
Toronto Stock Exchange-listed reporting issuers. In addition, Sentry
Select manages and/or provides advisory services to four reporting
issuers listed on the TSX Venture Exchange.

Certain statements included in this news release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions "expect", "intend", "will" and similar
expressions to the extent they relate to Sentry Select. The
forward-looking statements are not historical facts but reflect Sentry
Select's 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 the ability of Sentry
Select to pay the distributions on the dates specified. Although Sentry
Select believes that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not guarantees
of future performance and, accordingly, readers are cautioned not to
place undue reliance on such statements due to the inherent uncertainty
therein. Sentry Select 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.

The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4

Contacts:
Sentry Select Capital Corp.
Investor Services
(broker/investor inquiries)
1-888-246-6656
(416) 364-1197 (FAX)

Sentry Select Capital Corp.
Kinga Lam
(media inquiries)
1-888-246-6656
(416) 364-1197 (FAX)
Email: info@sentryselect.com
Website: www.sentryselect.com

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