Citadel HYTES Fund

Citadel HYTES Fund

November 22, 2006 09:30 ET

Citadel HYTES Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - Nov. 22, 2006) - Citadel HYTES Fund (TSX:CHF.UN) reports the distribution to unitholders of record at the close of business on November 30, 2006 and payable on December 7, 2006 is $0.14 Cdn per unit.

Throughout the month of October 2006, Citadel HYTES repurchased 30,500 units at an average price of $16.02 per unit under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at November 16, 2006, Citadel HYTES's net asset value was $13.96 Cdn per unit. The current portfolio consists of 34% oil and gas royalty trusts, 43% income funds, 12% real estate investment trusts, 5% utility and infrastructure, and 6% cash and cash equivalents.

Top Ten Holdings at November 17, 2006:

1) ARC Energy Trust
2) Enerplus Resource Fund
3) Innvest Reit
4) Vermilion Energy Trust
5) Harvest Energy Trust
6) TransForce Income Fund
7) Morguard Reit
8) Bonavista Energy Trust
9) Yellow Pages Income Fund
10) IBI Income Fund

Contact Information

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