Citadel SMaRT Fund

Citadel SMaRT Fund

May 23, 2006 09:30 ET

Citadel SMaRT Fund Announces Distribution

CALGARY, ALBERTA--(CCNMatthews - May 23, 2006) - Citadel SMaRT Fund (TSX:CRT.UN) reports the distribution to unitholders of record at the close of business on May 31, 2006 and payable on June 15, 2006 is $0.28 Cdn per unit.

Throughout the month of April 2006, Citadel SMaRT repurchased 9,700 units at an average price of $35.21 per unit under its mandatory repurchase program when the fund traded at a discount greater than 5%.

As at May 18, 2006, Citadel SMaRT's net asset value was $35.50 Cdn per unit. The current portfolio consists of 65% oil and gas royalty trusts, 34% fixed portfolio and 1% cash and cash equivalents.

Contact Information

  • Citadel SMaRT Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing