Citadel Premium Income Fund

Citadel Premium Income Fund

March 20, 2008 09:30 ET

Citadel Premium Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(Marketwire - March 20, 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 March 31, 2008 and payable on April 15, 2008 is $0.085 Cdn per unit.

Throughout the month of February 2008, Citadel Premium repurchased 30,400 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%. In addition, 125,000 units were repurchased under the Fund's normal course issuer bid.

As at March 13, 2008, Citadel Premium's net asset value was $10.11 Cdn per unit. The current portfolio consists of 30% oil and gas royalty trusts, 51% ongoing business trusts, 12% real estate investment trusts, and 6% utilities and infrastructure, and 1% cash and cash equivalents.

Top Ten Holdings at March 18, 2008:

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

Contact Information

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