Citadel Multi-Sector Income Fund

Citadel Multi-Sector Income Fund

May 23, 2006 09:30 ET

Citadel Multi-Sector Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - May 23, 2006) - Citadel Multi-Sector Income Fund (TSX:CMS.UN) reports the distribution to unitholders of record at the close of business on May 31, 2006 and payable on June 15, 2006 is $0.0833 Cdn per unit.

Throughout the month of April 2006, Citadel Multi-Sector repurchased 101,300 units at an average price of $11.20 per unit under its mandatory repurchase program, which represented a discount to net asset value of 11.0%.

As at May 18, 2006, Citadel Multi-Sector's net asset value was $11.99 Cdn per unit. The current portfolio consists of 33% ongoing business trusts, 30% oil and gas royalty trusts, 16% real estate investment trusts, 14% pipeline and energy distribution funds, 3% power generation funds and 4% cash and cash equivalents.

Top Ten Holdings at May 18, 2006:

1) ARC Energy Trust
2) TransForce Income Fund
3) Harvest Energy Trust
4) Primaris Retail Reit
5) Trinidad Energy Services Income Trust
6) Vermilion Energy Trust
7) Paramount Energy Trust
8) Bonavista Energy Trust
9) Canetic Resources Trust
10) Baytex Energy Trust

Contact Information

  • Citadel Multi-Sector Income Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing