Citadel Diversified Investment Trust

Citadel Diversified Investment Trust

March 15, 2005 19:35 ET

Citadel Diversified Investment Trust: 2004 Income Tax Information


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CITADEL DIVERSIFIED INVESTMENT TRUST

TSX SYMBOL: CTD.UN

MARCH 15, 2005 - 19:35 ET

Citadel Diversified Investment Trust: 2004 Income Tax
Information

CALGARY, ALBERTA--(CCNMatthews - March 15, 2005) - The following
information is intended to assist holders of Units of Citadel
Diversified Investment Trust (TSX:CTD.UN) (the "Trust") in the
preparation of their 2004 Income Tax Return. This summary table below is
directed to a Unitholder who, for the purposes of the Income Tax Act
(Canada) is a resident of Canada and holds the Units as capital property.



------------------------------------------------------------------------
Record Capital Return of Total
Date Pay Date Income Dividends Gain Capital Distribution
------------------------------------------------------------------------
31-Jan-04 16-Feb-04 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
29-Feb-04 15-Mar-04 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
31-Mar-04 15-Apr-04 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
30-Apr-04 14-May-04 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
31-May-04 15-Jun-04 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
30-Jun-04 15-Jul-04 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
31-Jul-04 16-Aug-04 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
31-Aug-04 15-Sep-04 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
30-Sep-04 15-Oct-04 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
31-Oct-04 15-Nov-04 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
30-Nov-04 15-Dec-04 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
31-Dec-04 14-Jan-05 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
31-Dec-04 25-Jan-05 $ 0.0321 $ 0.0040 $ 0.0359 $ 0.0080 $ 0.0800
-----------------------------------------------------
$ 0.4173 $ 0.0520 $ 0.4667 $ 0.1040 $ 1.0400
-----------------------------------------------------
-----------------------------------------------------


Each Unitholder will receive a T3 supplementary slip for 2004 that will
indicate the amount of "Other Income" - Box 26, "Dividends" - Box 23 and
"Capital Gains" - Box 21 that are to be included in their tax return.
The dividends will be subject to the standard gross-up and federal
dividend tax credit rules. The T3 supplementary slips are prepared by
Computershare Trust Company of Canada and/or investment dealers.
Unitholders are advised to contact their investment dealer directly if
they do not receive their T3 supplementary slip.

The return of capital to the Unitholder is a non-taxable amount and will
reduce the Adjusted Cost Base of the Unitholder's Units.

If the Units were held within a RRSP, DPSP, or RRIF, then no T3 slip
would be received and no amount would be required to be reported on the
Unitholder's personal tax return.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Citadel Diversified Management Ltd.
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Email: info@citadelfunds.com
    Website: www.citadelfunds.com