Sentry Select Capital Corp. has launched two series of deposit notes: Bank of Montreal Sentry Select Canadian Income Deposit Notes Series 1 and Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes Series 1.

The performance of the notes is linked to the appreciation of a basket of securities comprised of an income trust portfolio managed by Sandy McIntyre, and a notional bond portfolio. The income trust portfolio is designed to replicate the performance of Sentry Select Canadian Income Fund.

The issue price of both series of notes is $100 per note with a minimum investment of $2,000 (20 notes). The notes are available for sale until March 10.

Within 10 business days of the end of each month, investors will receive a payout equal to 75% of all distributions, if any, received on the income trust portfolio component of the basket of securities and not yet paid out or reinvested. The remaining 25% of the distributions will be reinvested in the basket.

The payout made on the R.O.C. Canadian Income Deposits Notes should be considered return of capital and the payouts on Canadian Income Deposit Notes should be considered interest.

The notes will mature on March 16, 2015, and investors will be repaid their principal, or in case of the R.O.C. Notes, the unpaid principal, plus an amount, if any, linked to the performance of the basket of securities. 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.

In case of the R.O.C. Notes, the amount paid at maturity will be reduced by a percentage of the total amount of principal repaid prior to maturity.

A daily secondary market will be maintained by BMO Nesbitt Burns Inc. under normal market conditions. There is no assurance that a secondary market will exist.

Sale of notes within three years of their issue will be subject to an early trading charge.

The FundSERV code for Bank of Montreal Sentry Select Canadian Income Deposit Notes is JHN601 and for Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes JHN602.