Citadel Premium Income Fund

Citadel Premium Income Fund

August 23, 2006 09:30 ET

Citadel Premium Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - Aug. 23, 2006) - Citadel Premium Income Fund (TSX:CPF.UN) reports the distribution to unitholders of record at the close of business on August 31, 2006 and payable on September 15, 2006 is $0.085 Cdn per unit.

Throughout the month of July 2006, Citadel Premium repurchased 51,700 units at an average price of $11.31 per unit under its mandatory repurchase program, which represented a discount to net asset value of 6.4%.

As at August 17, 2006, Citadel Premium's net asset value was $12.35 Cdn per unit. The current portfolio consists of 35% oil and gas royalty trusts, 40% ongoing business trusts, 3% power funds, 11% real estate investment trusts, 3% utilities and infrastructure, 2% common shares and 6% cash and cash equivalents.

Top Ten Holdings at August 17, 2006:

1) Harvest Energy Trust
2) Baytex Energy Trust
3) ARC Energy Trust
4) Vermilion Energy Trust
5) TransForce Income Fund
6) Crescent Point Energy Trust
7) Canetic Resources Trust
8) Paramount Energy Trust
9) Bonavista Energy Trust
10) Innvest Reit

Contact Information

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