Citadel Premium Income Fund

Citadel Premium Income Fund

October 23, 2006 09:30 ET

Citadel Premium Income Fund Announces Distribution and Top Ten Holdings

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

Throughout the month of September 2006, Citadel Premium repurchased 214,000 units at an average price of $11.54 per unit under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at October 19, 2006, Citadel Premium's net asset value was $12.16 Cdn per unit. The current portfolio consists of 24% oil and gas royalty trusts, 52% ongoing business trusts, 3% power funds, 12% real estate investment trusts, 5% utilities and infrastructure, 3% common shares and 1% cash and cash equivalents.

Top Ten Holdings at October 19, 2006:

1) Vermilion Energy Trust
2) ARC Energy Trust
3) Enerplus Resources Fund
4) TransForce Income Fund
5) Crescent Point Energy Trust
6) Telus Corp
7) Innvest Reit
8) Yellow Pages Income Fund
9) Zargon Energy Trust
10) Altagas Income Fund

Contact Information

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