Citadel Income & Growth Fund

Citadel Income & Growth Fund

March 22, 2005 09:30 ET

Citadel Income & Growth Announces Distribution and Top Ten Holdings


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CITADEL INCOME & GROWTH FUND

TSX SYMBOL: CIF.UN

MARCH 22, 2005 - 09:30 ET

Citadel Income & Growth Announces Distribution and Top
Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - March 22, 2005) - Citadel Income &
Growth Fund (TSX:CIF.UN) reports the distribution to unitholders of
record at the close of business on March 31, 2005 and payable April 15,
2005 is $0.0708 Cdn per unit.

As at March 17, 2005, Citadel Income & Growth's net asset value was
$11.96 Cdn per unit. The current portfolio consists of 40% ongoing
business trusts, 27% oil and gas royalty trusts, 12% pipeline and energy
distribution funds, 8% real estate investment trusts, 6% dividend paying
common shares, 2% non-dividend paying common shares and 5% cash and cash
equivalents.



Top Ten Holdings at March 17, 2005:

1) Bonavista Energy Trust
2) Vermilion Energy Trust
3) Priszm Canadian Income Fund
4) TransForce Income Fund
5) Energy Savings Income Fund
6) Acclaim Energy Trust
7) ARC Energy Trust
8) CCS Income Trust
9) Harvest Energy Trust
10) Crescent Point Energy Trust


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Citadel Income & Growth Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Website: www.citadelfunds.com