Sentry Select Capital Corp., the manager of Sentry Select Commodities Income Trust, announced that it has identified a calculation error in the redemption amount paid out to unitholders on Sept. 22, 2006, with respect to those units that were redeemed on Aug. 31, 2006.

The manager identified an error in its computation of the net realized proceeds per unit, which resulted in an understatement of this amount by approximately $0.0604 per unit.

As a result, unitholders who redeemed their units in respect of the annual redemption, which had a valuation date as at Aug. 31, 2006, are entitled to additional redemption proceeds from the trust. The correct net realized proceeds per unit is $9.8757, an increase from $9.8153, which was the amount previously paid.

The original calculation inadvertently omitted the realized proceeds on the sale of securities of one issuer thereby understating the aggregate net realized proceeds. The impact of this error on the current net asset value per unit is approximately $0.02 per unit.

The manager is currently in the process of arranging for the additional redemption proceeds to be paid to affected unitholders via their brokerage firms. A press release will be issued within the next 30 days to confirm the timing of the payment to the brokerage firms. Unitholders who have changed brokerage firms since the time they redeemed units of the trust are advised to contact their financial advisor regarding payment details.

The manager has been advised by its legal counsel that the additional amounts paid should be treated by the unitholders as additional proceeds on disposition of such units. Unitholders should consult their tax advisors regarding their specific tax consequences.