Citadel Premium Income Fund

Citadel Premium Income Fund

February 21, 2008 09:30 ET

Citadel Premium Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(Marketwire - Feb. 21, 2008) - Citadel Premium Income Fund ("Citadel Premium" or the "Fund") (TSX:CPF.UN) reports the distribution to unitholders of record at the close of business on February 29, 2008 and payable on March 14, 2008 is $0.085 Cdn per unit.

Throughout the month of January 2008, Citadel Premium repurchased 170,300 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%. In addition, 327,300 units were repurchased under the Fund's normal course issuer bid.

As at February 14, 2008, Citadel Premium's net asset value was $10.22 Cdn per unit. The current portfolio consists of 26% oil and gas royalty trusts, 54% ongoing business trusts, 12% real estate investment trusts, and 8% utilities and infrastructure.

Top Ten Holdings at February 18, 2008:

1) Vermilion Energy Trust
2) Crescent Point Energy Trust
3) Inter Pipeline Fund
4) ARC Energy Trust
5) Trinidad Energy Services
6) Primaris Retail Reit
7) Progress Energy Trust
8) Keystone North America Inc
9) H&R Reit
10) IBI Income Fund Trust

Contact Information

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