Citadel Diversified Investment Trust

Citadel Diversified Investment Trust

May 23, 2006 09:30 ET

Citadel Diversified Investment Trust Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - May 23, 2006) - Citadel Diversified Investment Trust (TSX:CTD.UN) reports the distribution to unitholders of record at the close of business on May 31, 2006 and payable on June 15, 2006 is $0.085 Cdn per unit.

Throughout the month of April 2006, Citadel Diversified repurchased 119,300 units at an average price of $10.95 per unit under its mandatory repurchase program, which represented a discount to net asset value of 9.6%.

The Trust's net asset value as at May 18, 2006 was $11.72 Cdn per unit. The current portfolio consists of 40% income funds, 27% oil and gas royalty trusts, 10% real estate investment trusts, 9% pipeline and energy distribution funds, and 14% cash and cash equivalents.

Top Ten Holdings at May 18, 2006:

1) ARC Energy Trust
2) NAL Oil & Gas
3) TransForce Income Fund
4) Canetic Resources Trust
5) Paramount Energy Trust
6) Vermilion Energy Trust
7) Energy Savings Income Fund
8) Baytex Energy Trust
9) Crescent Point Energy Trust
10) CCS Income Trust

Contact Information

  • Citadel Diversified Management Ltd.
    Joe MacDonald
    Executive Vice President, Sales and Marketing