Citadel Premium Income Fund

Citadel Premium Income Fund

March 22, 2007 09:30 ET

Citadel Premium Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - March 22, 2007) - Citadel Premium Income Fund (TSX:CPF.UN) reports the distribution to unitholders of record at the close of business on March 31, 2007 and payable on April 16, 2007 is $0.085 Cdn per unit.

Throughout the month of February 2007, Citadel Premium repurchased 285,600 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at March 15, 2007, Citadel Premium's net asset value was $10.88 Cdn per unit. The current portfolio consists of 26% oil and gas royalty trusts, 46% ongoing business trusts, 1% power funds, 10% real estate investment trusts, 10% utilities and infrastructure, and 7% cash and cash equivalents.

Top Ten Holdings at March 20, 2007:

1) Vermilion Energy Trust
2) Enerplus Resources Fund
3) Focus Energy Trust
4) ARC Energy Trust
5) TransForce Income Fund
6) Consumers Waterheater Income Fund
7) Innvest Reit
8) Cineplex Galaxy Income Fund
9) IPC US Reit
10) H&R Reit

Contact Information

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