Citadel HYTES Fund

Citadel HYTES Fund

November 22, 2007 09:30 ET

Citadel HYTES Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(Marketwire - Nov. 22, 2007) - Citadel HYTES Fund (TSX:CHF.UN) reports the distribution to unitholders of record at the close of business on November 30, 2007 and payable on December 7, 2007 is $0.14 Cdn per unit.

Throughout the month of October 2007, Citadel HYTES repurchased 47,000 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at November 14, 2007, Citadel HYTES's net asset value was $14.71 Cdn per unit. The current portfolio consists of 33% oil and gas royalty trusts, 40% income funds, 10% real estate investment trusts, and 16% utility and infrastructure, and 1% cash and cash equivalents.

Top Ten Holdings at November 20, 2007:

1) IBI Income Fund
2) Focus Energy Trust
3) ARC Energy Trust
4) Vermilion Energy Trust
5) Medical Facilities Corp
6) Enerplus Resources
7) NAL Oil & Gas Trust
8) Rogers Sugar Income Fund
9) Fort Chicago Energy Partners
10) Bonavista Energy Trust

Contact Information

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