Citadel Diversified Investment Trust

Citadel Diversified Investment Trust

March 23, 2006 09:30 ET

Citadel Diversified Investment Trust Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - March 23, 2006) - Citadel Diversified Investment Trust (TSX:CTD.UN) reports the distribution to unitholders of record at the close of business on March 31, 2006 and payable on April 17, 2006 is $0.085 Cdn per unit.

Throughout the month of February 2006, Citadel Diversified repurchased 108,700 units at an average price of $10.89 per unit under its mandatory repurchase program, which represented a discount to net asset value of 10.7%.

The Trust's net asset value as at March 16, 2006 was $12.29 Cdn per unit. The current portfolio consists of 39% income funds, 26% oil and gas royalty trusts, 9% real estate investment trusts, 9% pipeline and energy distribution funds, and 17% cash and cash equivalents.

Top Ten Holdings at March 21, 2006:

1) ARC Energy Trust
2) TransForce Income Fund
3) Paramount Energy Trust
4) Energy Savings Income Fund
5) Canetic Resources Trust
6) NAL Oil & Gas
7) CCS Income Trust
8) Trinidad Energy Services
9) Armtec Infrastructure
10) Arctic Glacier Fund

Contact Information

  • Citadel Diversified Management Ltd.
    Joe MacDonald
    Executive Vice President, Sales and Marketing