Sentry to close Global Index Income Trust

Sentry Investments has announced plans to terminate its Sentry Select Global Index Income Trust, a closed-end investment trust, as of August 2013.

The company believes that the proposed termination of the trust is in the best interest of its unitholders, since the trust is not expected to achieve its stated investment objective and is currently putting investors at risk of lowered returns.

Additionally, as a result of the continual reduction of the trust’s issued and outstanding units, the remaining unitholders are bearing a higher proportion of the trust’s expenses.

On May 15, 2012, remaining unitholders will be asked to approve the proposed termination, with managers having waived the annual management fees of 0.30% of the trust’s net asset value until the decision is confirmed.

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