Citadel S-1 Income Trust Fund

Citadel S-1 Income Trust Fund

May 23, 2006 09:30 ET

Citadel S-1 Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - May 23, 2006) - Citadel S-1 Income Trust Fund (TSX:SDL.UN) reports the distribution to unitholders of record at the close of business on May 31, 2006 and payable on June 15, 2006 is $0.104 Cdn per unit.

Throughout the month of April 2006, Citadel S-1 repurchased 15,600 units at an average price of $16.02 per unit under its mandatory repurchase program, which represented a discount to net asset value of 5.8%.

As at May 18, 2006, Citadel S-1's net asset value was $16.36 Cdn per unit. The current portfolio consists of 31% utility and infrastructure, 20% income funds, 17% oil and gas royalty trusts, 17% real estate investment trusts, and 15% cash and cash equivalents.

Top Ten Holdings at May 18, 2006:

1) TransAlta Power L.P.
2) Keyera Facilities Income Fund
3) Inter Pipeline Fund
4) Dundee Reit
5) Boralex Power Income Fund
6) Northland Power Income Fund
7) Royal LePage Franchise
8) Summit Reit
9) ARC Energy Trust
10) Firm Capital Mortgage Investment Trust

Contact Information

  • Citadel S-1 Income Trust Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing