Citadel HYTES Fund
TSX : CHF.UN

Citadel HYTES Fund

March 14, 2007 20:15 ET

Citadel HYTES Fund 2006 Income Tax Information

CALGARY, ALBERTA--(CCNMatthews - March 14, 2007) - Citadel HYTES Fund (TSX:CHF.UN):

The following information is intended to assist holders of Units of Citadel HYTES Fund (the "Trust") in the preparation of their 2006 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.



Eligible Non-Eligible
Record Date Pay Date Income Dividends Dividends

31-Jan-06 7-Feb-06 $ 0.0809 $ 0.0039 $ 0.0004
28-Feb-06 7-Mar-06 $ 0.0809 $ 0.0039 $ 0.0004
31-Mar-06 7-Apr-06 $ 0.0809 $ 0.0039 $ 0.0004
30-Apr-06 5-May-06 $ 0.0809 $ 0.0039 $ 0.0004
31-May-06 7-Jun-06 $ 0.0809 $ 0.0039 $ 0.0004
30-Jun-06 10-Jul-06 $ 0.0809 $ 0.0039 $ 0.0004
31-Jul-06 8-Aug-06 $ 0.0809 $ 0.0039 $ 0.0004
31-Aug-06 8-Sep-06 $ 0.0809 $ 0.0039 $ 0.0004
30-Sep-06 6-Oct-06 $ 0.0809 $ 0.0039 $ 0.0004
31-Oct-06 7-Nov-06 $ 0.0809 $ 0.0039 $ 0.0004
30-Nov-06 7-Dec-06 $ 0.0809 $ 0.0039 $ 0.0004
31-Dec-06 8-Jan-07 $ 0.0809 $ 0.0039 $ 0.0004
31-Dec-06 8-Jan-07 $ 0.0809 $ 0.0039 $ 0.0004
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$ 1.0517 $ 0.0507 $ 0.0052
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Return of Total
Record Date Pay Date Capital Gain Capital Distribution

31-Jan-06 7-Feb-06 $ 0.0491 $ 0.0057 $ 0.1400
28-Feb-06 7-Mar-06 $ 0.0491 $ 0.0057 $ 0.1400
31-Mar-06 7-Apr-06 $ 0.0491 $ 0.0057 $ 0.1400
30-Apr-06 5-May-06 $ 0.0491 $ 0.0057 $ 0.1400
31-May-06 7-Jun-06 $ 0.0491 $ 0.0057 $ 0.1400
30-Jun-06 10-Jul-06 $ 0.0491 $ 0.0057 $ 0.1400
31-Jul-06 8-Aug-06 $ 0.0491 $ 0.0057 $ 0.1400
31-Aug-06 8-Sep-06 $ 0.0491 $ 0.0057 $ 0.1400
30-Sep-06 6-Oct-06 $ 0.0491 $ 0.0057 $ 0.1400
31-Oct-06 7-Nov-06 $ 0.0491 $ 0.0057 $ 0.1400
30-Nov-06 7-Dec-06 $ 0.0491 $ 0.0057 $ 0.1400
31-Dec-06 8-Jan-07 $ 0.0491 $ 0.0057 $ 0.1400
31-Dec-06 8-Jan-07 $ 0.0491 $ 0.0057 $ 0.1400
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$ 0.6383 $ 0.0741 $ 1.8200
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Each Unitholder will receive a T3 supplementary slip for 2006 that will indicate the amount of "Other Income" - Box 26 ,"Eligible Dividends" - Box 49, "Non-Eligible Dividends" -Box 23 and "Capital Gains" - Box 21 that are to be included in their tax return. The dividends will be subject to the 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 will be received and no amount would be required to be reported on the Unitholder's personal tax return.

Contact Information

  • Citadel HYTES Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Website: www.citadelfunds.com