Sentry Select Primary Metals Corp. (TSX:PME) announces a change to its monthly cash dividend
2013年6月27日 - 9:00PM
Marketwired
The Board of Directors (the "Board") of Sentry Select Primary
Metals Corp. (the "Corporation") (TSX:PME) announces that the
Corporation's monthly cash dividend will be changed from its
current rate of $0.09 per Class A share to $0.045 per Class A
share. This change will be effective beginning with the monthly
cash dividend payable on August 15, 2013, to shareholders of record
on July 31, 2013, and will remain at this level until further
guidance is provided by the Corporation.
The Board believes that this dividend decrease is prudent and in
the best interests of the Corporation and its shareholders given
the current environment for gold mining equities. It is the view of
Sentry Investments Inc. ("Sentry"), the manager of the Corporation,
that gold mining equities continue to trade at their lowest
valuations relative to the gold price in 25 years and, as a result,
present an excellent investment opportunity. It is the opinion of
the Board that this dividend decrease should improve shareholders'
potential total return by maintaining capital in the Corporation
while continuing to provide a reasonable level of monthly cash
payout.
It is the intention of the Board, together with Sentry, to
reevaluate from time to time the Corporation's monthly dividend in
the context of portfolio return expectations and to make further
changes to the Corporation's monthly dividend amount when it is
believed that such changes represent a net benefit to
shareholders.
SENTRY INVESTMENTS INC.
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 over $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).
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
Corporation. The forward-looking statements are not historical
facts but reflect Sentry's or the Corporation's current
expectations regarding future results or events including, but not
limited to, the proposed timing and methodology of reviewing of the
Corporation's monthly cash dividend rate and the current rationale
for the stated dividend decrease. 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 Corporation 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 Corporation
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 Corporation, please visit its profile at
www.sedar.com.
Sentry Investments Inc.
Commerce Court West
199 Bay Street, Suite 4100
P.O. Box 108
Toronto, ON M5L 1E2
Tel: 416-364-9297
Fax: 416-364-1197
Contacts: Sentry Investments Inc. Investor Relations
(broker/investor inquiries): 1-888-730-4623 416-364-1197
(FAX)info@sentry.ca www.sentry.ca
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