Sentry Select Principal-Protected Blue Chip Notes 'TM' Launches Series VI.

TORONTO -- Sentry Select Capital Corp. is pleased to announce the launch of Sentry Select Principal-Protected Blue Chip Notes (TM) Series VI, which provide investors with principal protection at maturity, and the return potential of a portfolio of North America's leading equities and income trusts.

E[acute accent]Benchmark portfolio

E[acute accent]Sentry Select Principal-Protected Blue Chip Notes(TM) Series VI are deposit notes, issuable in series by National Bank of Canada, whose performance is linked to a benchmark portfolio composed of 15 blue-chip Canadian income trusts, 15 Canadian blue-chip stocks and 15 U.S. blue-chip stocks. The portfolio has been chosen by Sentry Select Capital Corp.

E[acute accent]Principal plus appreciation

E[acute accent]At maturity, after eight years, investors will be repaid their principal, plus appreciation in the benchmark portfolio, if any. The fluctuation of the value of the portfolio will directly impact appreciation over and above the repaid principal, if any. It is therefore possible that only the principal will be paid at maturity.

E[acute accent]Early redemption

E[acute accent]National Bank of Canada may redeem the notes after four years at a price that will give investors the equivalent of an annual compounded rate of return of approximately 9%.

E[acute accent]Issue price and minimum

E[acute accent]The issue price of the Sentry Select Principal-Protected Blue Chip Notes(TM) Series VI is $100 per note with a minimum investment of $2,000 (20 notes).

E[acute accent]Liquidity

E[acute accent]A weekly secondary market will be maintained by National Bank Financial under normal market conditions to ensure the Notes' liquidity. Redemption of Notes within 24 months of their issue will be subject to an early sales charge.

E[acute accent]Eligibility

E[acute accent]Sentry Select Principal-Protected Blue Chip Notes(TM) Series IV are fully eligible for registered plans and do not constitute foreign property.

E[acute accent]Terms of the offering

E[acute accent]The complete terms of the offering are set out in an Information Statement, which can be obtained by investors from their financial adviser.

E[acute accent]Selling period

E[acute accent]Sentry Select Principal-Protected Blue Chip Notes(TM) Series VI are available for sale between March 28, 2005 and May 13, 2005.

E[acute accent]The Manager

E[acute accent]Sentry Select is a wealth management company with total assets under management of approximately $4.0 billion.

E[acute accent]It is the manager or portfolio manager of:

E[acute accent]- Sentry Select Diversified Income Trust (TSX: SDT.UN);

E[acute accent]- Diversified Income Trust II (TSX: DTT.UN);

E[acute accent]- Select 50 S-1 Income Trust (TSX: SON.UN);

E[acute accent]- Select 50 S-1 Income Trust II (TSX: SDE.UN);

E[acute accent]- Pro-Vest Growth & Income Fund (TSX: PRG.UN);

E[acute accent]- Sentry Select Focused Growth & Income Trust (TSX: SFG.UN);

E[acute accent]- COmmercial and INdustrial Securities Income Trust "COINS" (TSX: COI.UN);

E[acute accent]- Sentry Select Principal-Protected Blue Chip Notes(TM);

E[acute accent]- MBS Adjustable Rate Income Fund (TSX: MTF.UN);

E[acute accent]- Multi Select Income Trust (TSX: MST.UN, MST.PR.A);

E[acute accent]- Premier Value Income Trust (TSX: PVN.UN)

E[acute accent]- Strategic Energy Fund (TSX: SEF.UN);

E[acute accent]- Mortgage-Backed Securities Trust (TSX: MF.UN; TSX: MF.U);

E[acute accent]- Sentry Select Blue-Chip Income Trust (TSX: SIT.UN);

E[acute accent]- Sentry Select Global Index Income Trust (TSX: SGT.UN);

E[acute accent]- Alliance Split Income Trust (TSX: ASI.UN, ASI.PR.A);

E[acute accent]- CAPVEST Income Corp. (TSX-V: CVS);

E[acute accent]- Eight mutual funds that focus on a broad range of sectors of the economy; and

E[acute accent]- Three flow-through investment funds.