Citadel Premium Income Fund

Citadel Premium Income Fund

March 23, 2009 15:22 ET

Citadel Premium Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(Marketwire - March 23, 2009) - Citadel Premium Income Fund (TSX:CPF.UN) ("Citadel Premium" or the "Fund") reports that due to the distribution cuts by many of the income trusts in the portfolio, the Fund's monthly distribution has been reduced from $0.085 per unit to $0.045 per unit. Unitholders of record at the close of business on March 31, 2009 will be paid the distribution of $0.045 per unit on April 15, 2009.

Throughout the month of February 2009, Citadel Premium repurchased 57,500 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at March 19, 2009, Citadel Premium's net asset value was $5.08 Cdn per unit. The current portfolio consists of 45% oil and gas royalty trusts, 33% ongoing business trusts, 9% real estate investment trusts, 8% utilities and infrastructure, and 5% cash and cash equivalents.

Top Ten Holdings at March 19, 2009:

1) Crescent Point Energy Trust
2) Canadian Oil Sands Trust
3) Vermilion Energy Trust
4) ARC Energy Trust
5) Baytex Energy Trust
6) Keystone North America Inc.
7) Inter Pipeline Fund
8) Futuremed Healthcare Income Fund
9) IBI Income Fund Trust
10) Yellow Pages Income Fund

Contact Information

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