Citadel Income & Growth Fund
TSX : CIF.UN

Citadel Income & Growth Fund

March 23, 2006 09:30 ET

Citadel Income & Growth Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - March 23, 2006) - Citadel Income & Growth Fund (TSX:CIF.UN) reports the distribution to unitholders of record at the close of business on March 31, 2006 and payable on April 17, 2006 is $0.0708 Cdn per unit.

Throughout the month of February 2006, Citadel Income & Growth repurchased 52,600 units at an average price of $10.51 per unit under its mandatory repurchase program, which represented a discount to net asset value of 12.1%.

As at March 16, 2006, Citadel Income & Growth's net asset value was $12.08 Cdn per unit. The current portfolio consists of 35% oil and gas royalty trusts, 29% ongoing business trusts, 8% pipeline and energy distribution funds, 7% real estate investment trusts, 8% dividend paying common shares, 2% non-dividend paying common shares and 11% cash and cash equivalents.



Top Ten Holdings at March 21, 2006:

1) Vermilion Energy Trust
2) Bonavista Energy Trust
3) ARC Energy Trust
4) TransForce Income Fund
5) Crescent Point Energy Trust
6) Calloway Reit
7) Canetic Resources Trust
8) Cineplex Galaxy Income Fund
9) Energy Savings Income Fund
10) CCS Income Trust



Contact Information

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