Citadel Premium Income Fund

Citadel Premium Income Fund

November 22, 2006 09:30 ET

Citadel Premium Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - Nov. 22, 2006) - Citadel Premium Income Fund (TSX:CPF.UN) reports the distribution to unitholders of record at the close of business on November 30, 2006 and payable on December 15, 2006 is $0.085 Cdn per unit.

Throughout the month of October 2006, Citadel Premium repurchased 20,400 units at an average price of $11.82 per unit under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at November 16, 2006, Citadel Premium's net asset value was $10.18 Cdn per unit. The current portfolio consists of 27% oil and gas royalty trusts, 49% 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 November 17, 2006:

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

Contact Information

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