TORONTO, ONTARIO and CALGARY, ALBERTA--(Marketwire - Jan. 8, 2009) - Strategic Energy Management Corp. (the "Manager") announces that Strategic Energy Fund's (TSX:SEF.UN) (the "Fund") cash distribution for January 2009 will be C$0.06 per unit.

The distribution details are as follows:
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Distribution      Ex-distribution date       Record date       Payable date
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C$0.06 per unit       January 14, 2009  January 16, 2009   January 30, 2009
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Strategic Energy Fund

Strategic Energy Fund is an investment trust that seeks to provide unitholders with superior rates of return through a diversification strategy focused on investment opportunities within the Canadian energy sector. The Fund invests in established companies, early-stage energy companies and, to a lesser extent, special energy issuers, each with prospects for high growth in the near to medium term and the potential for long-term capital appreciation.

The Fund's investments in established companies, including energy royalty and income trusts, are made with a view to generating sufficient income to permit the Fund to make monthly cash distributions to unitholders. Investments in early-stage energy companies are focused on both private and public issuers with strong, experienced management teams that have proven track records of enhancing shareholder value and successfully executing exit strategies. The Fund's units trade on the Toronto Stock Exchange under the symbol SEF.UN.

Sentry Select Capital Inc.

Sentry Select Capital Inc. is a Canadian wealth management company that 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.

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 Inc. ("Sentry Select") and the Manager. The forward-looking statements are not historical facts but reflect Sentry Select's and the Manager'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, including the ability of Sentry Select and the Manager to pay the distribution on the date specified. Although Sentry Select and the Manager 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 due to the inherent uncertainty therein. Sentry Select and the Manager 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 for the Fund please visit the Fund's profile on www.sedar.com.

Sentry Select Capital Inc. 
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

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