Conversion to Open-End Fund Details:

Effective February 1, 2010, Sentry Select Global Real Estate Fund merged with Sentry Select REIT Fund, an open end fund. Units of Sentry Select Global Real Estate Fund were converted to 0.6993 Series “A” or 0.6942 Series “F” units (as applicable) of Sentry Select REIT Fund, based on a final net asset value for Sentry Select Global Real Estate Fund. The merger was effected on a taxable basis.