EARLY WARNING REPORT PURSUANT TO NATIONAL INSTRUMENT 62-103

TORONTO, ONTARIO–(EMWNews – Aug. 7, 2008) – Sentry Select Capital Corp. (the “Company”) announces the issuance of early warning reports re: Gamehost Income Fund, Parkland Income Fund, Pollard Banknote Income Fund, Pizza Pizza Royalty Income Fund and FP Newspapers Income Fund (collectively, the “Issuers”).

The Company has reassessed the way it calculates the aggregate number of securities held in its funds, including convertible securities. Based on the reassessment, the Company reports that it exercised control over the following units of the Issuers:

– on and after October 1, 2006, 266,400 units of Gamehost Income Fund, representing 2.47% of the issued and outstanding units of such fund and now has control of 2,005,000 units of such fund, representing 18.61% of the issued and outstanding units of such fund;

– on and after February 6, 2008, 1,504,122 units of Parkland Income Fund, representing 4.11% of the issued and outstanding units of such fund and now has control of 5,117,935 units of such fund, representing 14.00% of the issued and outstanding units of such fund;

– on and after March 6, 2008, 248,900 units of Pollard Banknote Income Fund, representing 3.96% of the issued and outstanding units of such fund, and now has control of 850,200 units of such fund, representing 13.53% of the issued and outstanding units of such fund;

– on and after July 31, 2007, 507,150 units of Pizza Pizza Royalty Income Fund, representing 2.32% of the issued and outstanding units of such fund and now has control of 2,503,226 units of such fund, representing 11.47% of the issued and outstanding units of such fund;

– and on and after August 1, 2006, 50,600 units of FP Newspapers Income Fund, representing 0.73% of the issued and outstanding units of such fund and now has control of 761,005 units of such fund, representing 11.02% of the issued and outstanding units of such fund.

In each case the acquisitions were made through the facilities of the Toronto Stock Exchange on behalf of accounts fully managed by the Company. The Company acquired the units of these funds for investment purposes only and not for the purpose of exercising control or direction over the Issuers. The Company-managed accounts may from time to time acquire additional units of the Issuers, dispose of some or all of the existing or additional units or may continue to hold the units. In each case the units controlled by each individual fund managed by the Company represent less than 10% of the issued and outstanding units of the applicable Issuer calculated on a fully diluted basis.

Sentry Select Capital Corp. is a Canadian wealth management company that manages over $6 billion in gross assets as of June 30, 2008. The company offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates.

For further information or a copy of the reports filed by Sentry Select Capital Corp. with the various securities commissions, please contact:

Greg Williams
Senior Trader
Sentry Select Capital Corp.

Tel: 416 861-8729
Fax: 416 364-2998

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 Select Capital Corp. (“Sentry Select”). The forward-looking statements are not historical facts but reflect Sentry Select’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 Select believes 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 due to the inherent uncertainty therein. Sentry Select undertakes 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.

Sentry Select Capital Corp.
The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 861-8729
Fax: (416) 364-5615