Citadel HYTES Fund

Citadel HYTES Fund

December 19, 2006 12:20 ET

Citadel HYTES Fund Announces Regular and Special Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - Dec. 19, 2006) - Citadel HYTES Fund (TSX:CHF.UN) reports the distribution to unitholders of record at the close of business on December 31, 2006 and payable on January 8, 2006 is $0.28 Cdn per unit.

This distribution includes the regular monthly distribution of $0.14 per unit and a special distribution of $0.14 per unit to unitholders of record on December 31, 2006 and payable January 8, 2007.

Throughout the month of November 2006, Citadel HYTES repurchased 55,300 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at December 14, 2006, Citadel HYTES's net asset value was $14.98 Cdn per unit. The current portfolio consists of 37% oil and gas royalty trusts, 38% income funds, 13% real estate investment trusts, 9% utility and infrastructure, and 3% cash and cash equivalents.

Top Ten Holdings at December 15, 2006:

1) ARC Energy Trust
2) Enerplus Resource Fund
3) Vermilion Energy Trust
4) Innvest Reit
5) Fort Chicago Energy Partners
6) Morguard Reit
7) Bonavista Energy Trust
8) Medical Facilities Corp
9) Harvest Energy Trust
10) TransForce Income Fund

Contact Information

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