Citadel Multi-Sector Income Fund

Citadel Multi-Sector Income Fund

March 23, 2006 09:30 ET

Citadel Multi-Sector Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - March 23, 2006) - Citadel Multi-Sector Income Fund (TSX:CMS.UN) reports the distribution to unitholders of record at the close of business on March 31, 2006 and payable on April 17, 2006 is $0.0833 Cdn per unit.

Throughout the month of February 2006, Citadel Multi-Sector repurchased 106,100 units at an average price of $11.19 per unit under its mandatory repurchase program, which represented a discount to net asset value of 10.5%.

As at March 16, 2006, Citadel Multi-Sector's net asset value was $12.65 Cdn per unit. The current portfolio consists of 30% ongoing business trusts, 30% oil and gas royalty trusts, 16% real estate investment trusts, 14% pipeline and energy distribution funds, 2% power generation funds and 8% cash and cash equivalents.

Top Ten Holdings at March 21, 2006:

1) TransForce Income Fund
2) Canetic Resources Trust
3) Harvest Energy Trust
4) ARC Energy Trust
5) Trinidad Energy Services Income Trust
6) Primaris Retail Reit
7) Paramount Energy Trust
8) Bonavista Energy Trust
9) Vermilion Energy Trust
10) Calloway Reit

Contact Information

  • Citadel Multi-Sector Income Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing