Citadel S-1 Income Trust Fund

Citadel S-1 Income Trust Fund

November 22, 2006 09:30 ET

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

CALGARY, ALBERTA--(CCNMatthews - Nov. 22, 2006) - Citadel S-1 Income Trust (TSX:SDL.UN) Fund reports the distribution to unitholders of record at the close of business on November 30, 2006 and payable on December 15, 2006 is $0.104 Cdn per unit.

Throughout the month of October 2006, Citadel S-1 repurchased 17,000 units at an average price of $15.78 per unit under its mandatory repurchase program, which represented a discount to net asset value of 6.7%.

As at November 16, 2006, Citadel S-1's net asset value was $14.91 Cdn per unit. The current portfolio consists of 32% utility and infrastructure, 27% income funds, 15% oil and gas royalty trusts, 18% real estate investment trusts, and 8% cash and cash equivalents.

Top Ten Holdings at November 17, 2006:

1) Northland Power Income Fund
2) Dundee Reit
3) Firm Capital Mortgage Investment Trust
4) Inter Pipeline Fund
5) Keyera Facilities Income Fund
6) Boralex Power Income Fund
7) Riocan Reit
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