Sentry Select Capital Corp. announced today that effective immediately, the annual service fee that Sentry Select pays to dealers for Series A units of Sentry Select Focused 50 Income Fund is increasing from 0.50% to 1.25%.
The fee will be calculated and paid quarterly to each dealer at the rate of 1/4 of 1.25% of the average value of Series A units held in the fund by the dealer’s clients during each complete calendar quarter.
The fee reflects service given to investors by their dealers throughout the year. Sentry Select will make a one-time payment to dealers to make the change retroactive to Oct. 1, 2005.
Investors will not be affected by the change. The fee is paid entirely by Sentry Select, and not by the fund or its investors.
Sentry Select is amending the simplified prospectus and annual information form of the fund to reflect the change.
Sentry Select is a wealth management company with gross assets under management in excess of $9 billion.