Citadel Premium Income Fund

Citadel Premium Income Fund

December 19, 2008 17:01 ET

Citadel Premium Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(Marketwire - Dec. 19, 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 December 31, 2008 and payable on January 15, 2009 is $0.085 Cdn per unit.

Throughout the month of November 2008, Citadel Premium repurchased 105,400 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at December 18, 2008, Citadel Premium's net asset value was $4.68 Cdn per unit. The current portfolio consists of 40% oil and gas royalty trusts, 43% ongoing business trusts, 12% real estate investment trusts, 4% utilities and infrastructure, and 1% cash and cash equivalents.

Top Ten Holdings at December 18, 2008:

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

Contact Information

  • Citadel Premium Income Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    Citadel Premium Income Fund - Western Region
    Andrea Kladar
    Vice President, Sales and Marketing