Sentry Investments Inc. said Monday that Sentry Corporate Class Ltd. has acquired all of the assets of NCE Diversified Flow-Through (12) Limited Partnership. The total value of the assets at the time of the acquisition was $52,495,868.

In exchange for its assets, the partnership received 2,414,142.3192 Series A initial sales charge option shares of Sentry Canadian Resource Class (the fund) at a net asset value of $21.745 per share. As a result, each partnership unit is worth the equivalent of 0.6039 a share.

As at the close of business on January 3, the value of the partnership units was $13.13 per unit.

Following the transfer of the partnership’s assets in exchange for the shares of the fund, the partnership distributed all of the shares to its limited partners in proportion to their respective interest in the partnership. The former limited partners of the partnership are now shareholders of Sentry Corporate Class Ltd. The shares are redeemable on a daily basis and can be converted into shares of other corporate classes in Sentry Corporate Class without triggering any capital gains tax.

Sentry Canadian Resource Class is a class of mutual fund shares of Sentry Corporate Class Ltd. The fund invests primarily in equities and other securities of Canadian companies engaged in energy and natural resource industries such as oil and gas, mining and minerals, forestry and other resources, as well as sectors that are dependent on these industries such as pipelines, utilities and equipment manufacturers.

In addition to Sentry Canadian Resource Class, Sentry Corporate Class Ltd offers shares of Sentry Canadian Income Class, Sentry Conservative Balanced Income Class, Sentry Diversified Equity Class, Sentry Global Growth and Income Class, Sentry Money Market Class, Sentry Precious Metals Growth Class, Sentry REIT Class and Sentry U.S. Growth and Income Class.