Citadel HYTES Fund

Citadel HYTES Fund

October 23, 2006 09:30 ET

Citadel HYTES Fund Announces Distribution and Top Ten Holdings

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

Throughout the month of September 2006, Citadel HYTES repurchased 12,200 units at an average price of $16.01 per unit under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at October 19, 2006, Citadel HYTES's net asset value was $16.84 Cdn per unit. The current portfolio consists of 38% oil and gas royalty trusts, 44% income funds, 10% real estate investment trusts, 6% utility and infrastructure, and 2% cash and cash equivalents.

Top Ten Holdings at October 19, 2006:

1) ARC Energy Trust
2) Enerplus Resource Fund
3) Vermilion Energy Trust
4) TransForce Income Fund
5) Innvest Reit
6) Harvest Energy Trust
7) Pengrowth Energy Trust
8) Yellow Pages Income Fund
9) Paramount Energy Trust
10) NAL Oil & Gas Trust

Contact Information

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