Citadel Premium Income Fund

Citadel Premium Income Fund

June 20, 2008 09:30 ET

Citadel Premium Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(Marketwire - June 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 June 30, 2008 and payable on July 15, 2008 is $0.085 Cdn per unit.

Throughout the month of May 2008, Citadel Premium repurchased 8,000 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at June 12, 2008, Citadel Premium's net asset value was $11.17 Cdn per unit. The current portfolio consists of 30% oil and gas royalty trusts, 50% ongoing business trusts, 8% real estate investment trusts, 5% utilities and infrastructure, and 7% cash and cash equivalents.

Top Ten Holdings at June 18, 2008:

1) Vermilion Energy Trust
2) Crescent Point Energy Trust
3) ARC Energy Trust
4) Trinidad Energy Services
5) IBI Income Fund Trust
6) Enerplus Resources Fund
7) Progress Energy Trust
8) Inter Pipeline Fund
9) Altus Group Income Fund
10) Yellow Pages Income Fund

Contact Information

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