Citadel Premium Income Fund

Citadel Premium Income Fund

April 20, 2007 09:30 ET

Citadel Premium Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - April 20, 2007) - Citadel Premium Income Fund (TSX:CPF.UN) reports the distribution to unitholders of record at the close of business on April 30, 2007 and payable on May 15, 2007 is $0.085 Cdn per unit.

Throughout the month of March 2007, Citadel Premium repurchased 225,000 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at April 12, 2007, Citadel Premium's net asset value was $11.25 Cdn per unit. The current portfolio consists of 27% oil and gas royalty trusts, 46% ongoing business trusts, 1% power funds, 10% real estate investment trusts, 11% utilities and infrastructure, and 5% cash and cash equivalents.

Top Ten Holdings at April 17, 2007:

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

Contact Information

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