Sentry Select Global Real Estate Fund today announce that it has issued an additional 155,000 listed units and 228,034 listed warrants for gross proceeds of $1,579,214 following the exercise by the agents of their over-allotment option.

Including the over-allotment, the total gross proceeds of the fund’s recent public offering are $36,548,614.

The syndicate of agents was co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Wellington West Capital Inc., Berkshire Securities Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc., Research Capital Corporation and Richardson Partners Financial Limited.

Each listed combined unit consists of one listed unit and one full listed warrant. Each whole listed warrant entitles the holder to purchase one listed unit at a subscription price of $10.25 on or before 16:00 ET on Oct. 31, 2009.

Each class F combined unit consists of one class F unit and one whole class F warrant. Each whole class F warrant entitles the holder to purchase one class F unit at a subscription price of $10.25 on or before 16:00 ET on Oct. 31, 2009.

The listed units and the listed warrants are trading on the Toronto Stock Exchange under the symbols GRE.UN and GRE.WT, respectively.

The fund’s investment objectives are to invest primarily in publicly listed real estate-related issuers and real estate investment trusts, with a view to: paying quarterly cash distributions (initially expected to be 12.5¢ per quarter, or 5% per annum based on the original price of $10 per combined unit); and preserving and enhancing the net asset value per unit.

On Feb. 1, 2010, the fund will become an open-end mutual fund, the listed units of the fund will be delisted, and the listed units and class F units will become redeemable at their respective net asset value per unit on a daily basis.

Toronto-based Sentry Select Capital Corp. is a Canadian wealth management company that manages approximately $8 billion in gross assets as of Dec. 31, 2007.