Citadel S-1 Income Trust Fund
TSX : SDL.UN

Citadel S-1 Income Trust Fund

November 20, 2008 09:30 ET

Citadel S-1 Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(Marketwire - Nov. 20, 2008) - Citadel S-1 Income Trust Fund (TSX:SDL.UN) ("Citadel S-1" or the "Fund") reports the distribution to unitholders of record at the close of business on November 30, 2008 and payable on December 15, 2008 is $0.104 Cdn per unit.

Throughout the month of October 2008, Citadel S-1 repurchased 14,500 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at November 18, 2008, Citadel S-1's net asset value was $10.26 Cdn per unit. The current portfolio consists of 37% utility and infrastructure, 20% income funds, 30% oil and gas royalty trusts, 13% real estate investment trusts, and 12% cash and cash equivalents.



Top Ten Holdings at November 18, 2008:

1) Northland Power Income Fund
2) Bell Aliant Regional Communications Income Fund
3) Keyera Facilities Income Fund
4) Firm Capital Mortgage Investment Trust
5) EPCOR Power LP
6) Inter Pipeline Fund
7) Altagas Income Trust
8) Riocan Reit
9) Yellow Pages Income Fund
10) Superior Plus Income Fund


Contact Information

  • Citadel S-1 Income Trust Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing (East)
    1-877-261-9674
    or
    Citadel S-1 Income Trust Fund
    Andrea Kladar
    Vice President, Sales and Marketing Western Region
    1-866-936-7880
    Website: www.citadelfunds.com