Citadel Income & Growth Fund
TSX : CIF.UN

Citadel Income & Growth Fund

May 23, 2006 09:30 ET

Citadel Income & Growth Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - May 23, 2006) - Citadel Income & Growth Fund (TSX:CIF.UN) reports the distribution to unitholders of record at the close of business on May 31, 2006 and payable on June 15, 2006 is $0.0708 Cdn per unit.

Throughout the month of April 2006, Citadel Income & Growth repurchased 50,200 units at an average price of $10.48 per unit under its mandatory repurchase program, which represented a discount to net asset value of 12.9%.

As at May 18, 2006, Citadel Income & Growth's net asset value was $11.56 Cdn per unit. The current portfolio consists of 34% oil and gas royalty trusts, 29% ongoing business trusts, 7% pipeline and energy distribution funds, 7% real estate investment trusts, 11% dividend paying common shares, 2% non-dividend paying common shares and 10% cash and cash equivalents.



Top Ten Holdings at May 18, 2006:

1) Vermilion Energy Trust
2) ARC Energy Trust
3) Bonavista Energy Trust
4) TransForce Income Fund
5) Crescent Point Energy Trust
6) Priszm Canadian Income Fund
7) Calloway Reit
8) Canetic Resources Trust
9) Harvest Energy Trust
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