May 23, 2006 09:30 ET

MYDAS Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - May 23, 2006) - MYDAS Fund (TSX:MYF.UN) reports the distribution to unitholders of record at the close of business on May 31, 2006 and payable on June 15, 2006 is $0.11 Cdn per unit.

Throughout the month of April 2006, MYDAS Fund repurchased 70,800 units at an average price of $14.74 per unit under its mandatory repurchase program, which represented a discount to net asset value of 6.8%.

As at May 18, 2006, MYDAS's net asset value was $15.25 per unit. The current portfolio consists of 38% income funds, 38% oil and gas royalty trusts, 10% real estate investment trusts, 2% power generation funds and 12% cash and cash equivalents.

Top Ten Holdings at May 18, 2006:

1) Harvest Energy Trust
2) Baytex Energy Trust
3) NAL Oil & Gas Trust
4) Esprit Energy Trust
5) Trilogy Energy Trust
6) Shiningbank Energy Income Fund
7) TransForce Income Fund
8) Canetic Resources Trust
9) PRT Forest Regeneration Income Fund
10) KCP Income Fund

Contact Information

  • MYDAS Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing