Citadel Premium Income Fund

Citadel Premium Income Fund

April 22, 2008 09:30 ET

Citadel Premium Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(Marketwire - April 22, 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 April 30, 2008 and payable on May 15, 2008 is $0.085 Cdn per unit.

Throughout the month of March 2008, Citadel Premium repurchased 228,600 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%. In addition, 99,600 units were repurchased under the Fund's normal course issuer bid.

As at April 17, 2008, Citadel Premium's net asset value was $10.66 Cdn per unit. The current portfolio consists of 31% oil and gas royalty trusts, 52% ongoing business trusts, 11% real estate investment trusts, and 6% utilities and infrastructure.

Top Ten Holdings at April 18, 2008:

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

Contact Information

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