Citadel HYTES Fund

Citadel HYTES Fund

March 23, 2009 15:15 ET

Citadel HYTES Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(Marketwire - March 23, 2009) - Citadel HYTES Fund (TSX:CHF.UN) ("Citadel HYTES" of the "Fund") reports that due to the distribution cuts by many of the income trusts in the portfolio, the Fund's monthly distribution has been reduced from $0.14 per unit to $0.09 per unit. Unitholders of record at the close of business on March 31, 2009 will be paid the distribution of $0.09 per unit on April 7, 2009.

Throughout the month of February 2009, Citadel HYTES repurchased 37,600 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at March 19, 2009, Citadel HYTES's net asset value was $7.59 Cdn per unit. The current portfolio consists of 43% income funds, 28% oil and gas royalty trusts, 22% utility and infrastructure, 5% real estate investment trusts, and 2% cash and cash equivalents.

Top Ten Holdings at March 19, 2009:

1) Vermilion Energy Trust
2) Yellow Pages Income Fund
3) Medical Facilities Corp.
4) Enerplus Resources Fund
5) IBI Income Fund
6) Fort Chicago Energy Partners
7) Colabor Income Fund
8) NAL Oil & Gas Trust
9) Armtec Infrastructure Income Fund
10) Progress Energy Resources Corp.

Contact Information

  • Citadel HYTES Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    Citadel HYTES Fund
    Andrea Kladar
    Vice President, Sales and Marketing Western Region