Citadel S-1 Income Trust Fund

Citadel S-1 Income Trust Fund

October 23, 2006 09:30 ET

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

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

Throughout the month of September 2006, Citadel S-1 repurchased 16,500 units at an average price of $15.61 per unit under its mandatory repurchase program, which represented a discount to net asset value of 7.6%.

As at October 19, 2006, Citadel S-1's net asset value was $17.17 Cdn per unit. The current portfolio consists of 35% utility and infrastructure, 28% income funds, 17% oil and gas royalty trusts, 15% real estate investment trusts, and 5% cash and cash equivalents.

Top Ten Holdings at October 19, 2006:

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

Contact Information

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