Sentry Select has announced:
In accordance with their respective declarations of trust, in order to preserve the capital available to repay the preferred securities upon their respective maturity dates, Sentry Select Capital Corp. (“Sentry Select”), the manager of Sentry Select 40 Split Income Trust and the trustee of Multi Select Income Trust (collectively, the “Trusts”) has suspended the payment of distributions (including the October distributions) for the Trusts until each Trust is permitted, according to its declaration of trust, to resume paying monthly distributions to holders of capital units.
This decision will not negatively impact the ability of either Trust to meet the obligations to preferred security holders. The respective maturity dates for the preferred securities are December 1, 2008 and September 30, 2009.
SFO.PR.A is not tracked by HIMIPref™