Sentry Select Capital Corp. has launched the Bank of Montreal Sentry Select Canadian Income Deposit Notes, Total Return Class, Series 1.
The Bank of Montreal Sentry Select Canadian Income Deposit Notes, Total Return Class, Series 1 are deposit notes, issued by the Bank of Montreal. The performance of the notes is based on the appreciation of a basket comprised of: an income trust portfolio managed by Sandy McIntyre, senior vice president and senior portfolio manager, Sentry Select; and a notional bond portfolio. The Fund Portfolio is designed primarily to replicate the performance of Sentry Select Canadian Income Fund.
100% of the Fund Portfolio distributions, if any, are notionally reinvested in the Basket for compound growth.
The issue price of the notes is $100 per note with a minimum investment of $2,000 (20 notes).
Series 1 is available for sale until Dec. 15. The notes will mature on or about Dec. 19, 2014, and investors will be repaid their principal, plus an amount, if any, based on the performance of the basket. The fluctuation of the value of the basket will directly impact the return payable at maturity. It is possible that no return will be paid on the notes. No interest payments will be made during the term of the deposit notes.
A daily secondary market will be maintained by BMO Capital Markets under normal market conditions, as set out in the information statement. But there is no assurance that a secondary market will exist. The sale of notes within three years of their issue will also be subject to an early trading charge.
Sentry Select launches BMO Sentry Select Canadian Income Deposit Notes, Total Return Class
The notes’ performance is based on the appreciation of a basked comprised of an income trust portfolio and a notional bond portfolio
- By: IE Staff
- October 10, 2006 October 10, 2006
- 10:54