Sentry Investments Inc. ("Sentry"), the manager and trustee of Precious Metals and Mining Trust (the "Trust"), announces that the Trust's declaration of trust, as amended and restated from time to time, has been amended to include a monthly redemption (the "Monthly Redemption") of Trust units ("Units").
Unitholders exercising their right to redeem Units through a Monthly Redemption shall be entitled to receive the lesser of:
|A.||90% of the market price of the Units on the principal market on which the Units are quoted for trading during the 20-trading-day period ending immediately before the Monthly Redemption Date; and|
|B.||100% of the closing market price on the principal market on which the Units are quoted for trading on the Monthly Redemption Date.|
Further details regarding the mechanism for effecting a Monthly Redemption and other amendments can be found in the Trust's amended and restated declaration of trust dated May 17, 2013 as filed on SEDAR (www.sedar.com).
Sentry Investments was founded in 1997 and has grown to become one of Canada's largest and fastest-growing independent asset management companies. Sentry manages $10 billion in assets on behalf of more than 300,000 Canadian investors. Sentry offers a diverse range of award-winning investment products available through financial advisors, including domestic, international and income-oriented mutual funds and separately managed accounts. Sentry is one of only three firms to receive four consecutive Brendan Wood International TopGun Asset Management Team Awards (2009 to 2012).
Capitalized terms used herein, but not defined, are as defined in the Trust's amended and restated declaration of trust dated May 17, 2013.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "intend," "will" and similar expressions to the extent they relate to Sentry or the Trust. The forward-looking statements are not historical facts but reflect Sentry's or the Trust's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Sentry and the Trust believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements. Sentry and the Trust undertake no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. For a complete disclosure record of the Trust, please visit its profile at www.sedar.com.