Citadel S-1 Income Trust Fund

Citadel S-1 Income Trust Fund

March 22, 2005 09:30 ET

Citadel S-1 Announces Distribution and Top Ten Holdings


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CITADEL S-1 INCOME TRUST FUND

TSX SYMBOL: SDL.UN

MARCH 22, 2005 - 09:30 ET

Citadel S-1 Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - March 22, 2005) - Citadel S-1 Income
Trust Fund (TSX:SDL.UN) reports the distribution to unitholders of
record at the close of business on March 31, 2005 and payable on April
15, 2005 is $0.208 Cdn per unit.

As at March 17, 2005, Citadel S-1's net asset value was $33.01 Cdn per
unit. The current portfolio consists of 38% utility and infrastructure,
25% income funds, 13% real estate investment trusts, 15% oil and gas
royalty trusts, and 9% cash and cash equivalents.



Top Ten Holdings at March 17, 2005:

1) TransAlta Power L.P.
2) Inter Pipeline Fund
3) Northland Power Income Fund
4) Superior Plus Income Fund
5) ARC Energy Trust
6) Dundee Reit
7) Boralex Power Income Fund
8) Algonquin Power Income Fund
9) Royal LePage Franchise
10) TransForce Income Fund


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Citadel S-1 Income Trust Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Email: info@citadelfunds.com
    Website: www.citadelfunds.com