Precious Metals and Mining Trust announces a change to its distribution (TSX: MMP.UN)

Precious Metals and Mining Trust announces a change to its distribution (TSX: MMP.UN)

By: Sentry Investments Inc. and Precious Metals and Mining Trust via Marketwired News Releases

Posted on March 14, 2013 at 08:30 AM EDT

TORONTO, ONTARIO -- (Marketwire) -- 03/14/13 -- Sentry Investments Inc. ("Sentry"), the manager of Precious Metals and Mining Trust (the "Trust") announces that the Trust's monthly distribution rate will be changed from the current $0.10 per unit to $0.07 per unit. This change will be effective at the next monthly distribution, payable on April 15, 2013 to unitholders of record on March 28, 2013.

Sentry believes this distribution decrease is prudent and beneficial for unitholders in the current environment for gold mining equities. In Sentry's view, gold mining equities are at their lowest valuations relative to the gold price in twenty-five years and represent an exceptional investment opportunity. It is Sentry's opinion that this distribution decrease will improve unitholders' potential total return by maintaining the capital invested in the Trust while still respecting the Trust's cash distribution objective.

It is Sentry's intention, as manager of the Trust, to reevaluate from time to time the Trust's distribution in the context of portfolio return expectations and to make changes to the distribution when it believes such changes represent a net benefit to unitholders.

PRECIOUS METALS AND MINING TRUST

Precious Metals and Mining Trust is designed to provide unitholders with long-term capital appreciation and monthly cash distributions by investing in a portfolio consisting primarily of equity securities of mining issuers listed on a North American stock exchange. The Manager actively manages the Trust's investments, which includes a rotation of weightings within the metals and minerals sectors.

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 $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 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.

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