Citadel Diversified Investment Trust

Citadel Diversified Investment Trust

October 23, 2006 09:30 ET

Citadel Diversified Investment Trust Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - Oct. 23, 2006) - Citadel Diversified Investment Trust (TSX:CTD.UN) reports the distribution to unitholders of record at the close of business on October 31, 2006 and payable on November 15, 2006 is $0.085 Cdn per unit.

Throughout the month of September 2006, Citadel Diversified repurchased 129,200 units at an average price of $11.00 per unit under its mandatory repurchase program, which represented a discount to net asset value of 7.5%.

The Trust's net asset value as at October 19, 2006 was $12.10 Cdn per unit. The current portfolio consists of 48% income funds, 27% oil and gas royalty trusts, 12% real estate investment trusts, 10% pipeline and energy distribution funds, and 3% cash and cash equivalents.

Top Ten Holdings at October 19, 2006:

1) ARC Energy Trust
2) Yellow Pages Income Fund
3) Penn West Energy Trust
4) Vermilion Energy Trust
5) Arctic Glacier Income Fund
6) Halterm Income Fund
7) Baytex Energy Trust
8) Energy Savings Income Fund
9) NAL Oil & Gas
10) TransForce Income Fund

Contact Information

  • Citadel Diversified Investment Trust
    Joe MacDonald
    Executive Vice President, Sales and Marketing