Citadel S-1 Income Trust Fund

Citadel S-1 Income Trust Fund

August 23, 2006 09:30 ET

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

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

Throughout the month of July 2006, Citadel S-1 repurchased 16,500 units at an average price of $14.73 per unit under its mandatory repurchase program, which represented a discount to net asset value of 11.7%.

As at August 17, 2006, Citadel S-1's net asset value was $16.93 Cdn per unit. The current portfolio consists of 34% utility and infrastructure, 23% income funds, 18% oil and gas royalty trusts, 19% real estate investment trusts, and 6% cash and cash equivalents.

Top Ten Holdings at August 17, 2006:

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

Contact Information

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