Sentry Select Capital Corp. Announces January 2008 Distributions for Income Trusts

TORONTO, ONTARIO, Jan 15 (MARKET WIRE) --
Sentry Select Capital Corp. ("Sentry Select") is pleased to announce the
January 2008 distribution amounts for the following income trusts.

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Trust Trading Distri- Record Payable Distri- TSX Annual
symbol bution date date bution trading -ized
amount amount price per yield
(per annual unit as
unit) -ized of Jan.
14, 2008
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Alliance
Split Income
Trust Jan. 31, Feb. 15,
Capital Units ASI.UN $0.0825 2008 2008 $0.99 $13.81 7.2%
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Sentry Select
Diversified Jan. 31, Feb. 7,
Income Trust SDT.UN $0.045 2008 2008 $0.54 $4.15 13.0%
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Diversified
Income Jan. 31, Feb. 15,
Trust II DTT.UN $0.08 2008 2008 $0.96 $11.01 8.7%
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Multi Select
Income
Trust
Capital Jan. 31, Feb. 15,
Units MST.UN $0.07 2008 2008 $0.84 $9.23 9.1%
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Pro-Vest
Growth & Jan. 31, Feb. 15,
Income Fund PRG.UN $0.0667 2008 2008 $0.8004 $11.23 7.1%
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Premier
Value Income Jan. 31, Feb. 15,
Trust PVN.UN $0.06 2008 2008 $0.72 $9.54 7.5%
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Select 50
S-1 Income Jan. 31, Feb. 15,
Trust SON.UN $0.08 2008 2008 $0.96 $11.07 8.7%
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Select 50
S-1 Income Jan. 31, Feb. 15,
Trust II SDE.UN $0.079 2008 2008 $0.948 $10.74 8.8%
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Sentry
Select
Commodities Jan. 31, Feb. 15,
Income Trust SSJ.UN $0.06 2008 2008 $0.72 $8.60 8.4%
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Sentry
Select
Focused
Growth & Jan. 31, Feb. 15,
Income Trust SFG.UN $0.065 2008 2008 $0.78 $8.43 9.3%
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COmmercial
and
INdustrial
Securities Jan. 31, Feb. 15,
Income Trust COI.UN $0.05 2008 2008 $0.60 $7.16 8.4%
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Sentry
Select MBS
Adjustable
Rate Income Jan. 31, Feb. 15,
Fund II MGS.UN $0.05 2008 2008 $0.60 $6.13 9.8%
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Oil Sands
and Energy
Mega-Projects Jan. 31, Feb. 15,
Trust OSM.UN $0.0417 2008 2008 $0.5004 $8.16 6.1%
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Sentry Select
40 Split
Income Trust Jan. 31, Feb. 15,
Capital Units SFO.UN $0.0833 2008 2008 $0.9996 $7.60 13.2%
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Precious
Metals and Jan. 31, Feb. 15,
Mining Trust MMP.UN $0.10 2008 2008 $1.20 $12.64 9.5%
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Future distributions

Distributions are based upon the current make-up of each individual
trust's portfolio and the indicated distribution policies of the
securities within each of the trust's portfolio. If the make-up of the
portfolios changes or if such securities make distributions other than in
accordance with their indicated policies, the distributions could change.

Website

To find out more about each trust, including portfolio holdings, net
asset values and investment objectives, please visit www.sentryselect.com.

Sentry Select Capital Corp.

Sentry Select 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

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

Copyright 2008, Market Wire, All rights reserved.

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