Citadel HYTES Fund

Citadel HYTES Fund

March 23, 2006 09:30 ET

Citadel HYTES Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - March 23, 2006) - Citadel HYTES Fund (TSX:CHF.UN) reports the distribution to unitholders of record at the close of business on March 31, 2006 and payable on April 7, 2006 is $0.14 Cdn per unit.

Throughout the month of February 2006, Citadel HYTES repurchased 59,400 units at an average price of $17.50 per unit under its mandatory repurchase program when the fund traded at a discount greater than 5%.

As at March 16, 2006, Citadel HYTES's net asset value was $18.23 Cdn per unit. The current portfolio consists of 39% oil and gas royalty trusts, 40% income funds, 13% real estate investment trusts, 6% utility and infrastructure and 2% cash and cash equivalents.

Top Ten Holdings at March 21, 2006:

1) Vermilion Energy Trust
2) ARC Energy Trust
3) Enerplus Resource Fund
4) Davis & Henderson Income Fund
5) Energy Savings Income Fund
6) Paramount Energy Trust
7) TransForce Income Fund
8) Summit Reit
9) Harvest Energy Trust
10) Shiningbank Energy Income Fund

Contact Information

  • Citadel HYTES Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing