Citadel S-1 Income Trust Fund
TSX : SDL.UN

Citadel S-1 Income Trust Fund

November 10, 2005 09:30 ET

Citadel S-1 Announces 2-for-1 Unit Split

CALGARY, ALBERTA--(CCNMatthews - Nov. 10, 2005) - Citadel S-1 Income Trust Fund (TSX:SDL.UN) announces that it has received all the necessary unitholder and regulatory approvals and will be completing the stock split effective November 15, 2005, each issued trust unit of Citadel S-1 Income Trust Fund will be subdivided into two trust units. It is expected that the greater number of outstanding trust units resulting from the stock split will provide a wider opportunity for investors to become unitholders of Citadel S-1 Income Trust Fund and increase liquidity in Citadel S-1 Income Trust Fund's listed securities. The stock split was approved at a special meeting of the unitholders of Citadel S-1 Income Trust Fund held on September 14, 2005.

Each unitholder of Citadel S-1 Income Trust Fund of record on November 15, 2005 will receive one (1) additional trust unit for every trust unit held. No action is required by unitholders. The units will begin trading on a two-for-one split basis at the market opening on Thursday, November 10, 2005.

Citadel S-1 Income Trust Fund's name and trading symbol will not change as a result of the stock split. Citadel S-1 Income Trust Fund currently has 2,116,611 trust units issued and outstanding and will have 4,233,222 trust units issued and outstanding upon completion of the stock split.

Contact Information

  • Citadel S-1 Income Trust Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Website: www.citadelfunds.com