Citadel S-1 Income Trust Fund

Citadel S-1 Income Trust Fund

April 20, 2007 09:30 ET

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

CALGARY, ALBERTA--(CCNMatthews - April 20, 2007) - Citadel S-1 Income Trust Fund (TSX:SDL.UN) reports the distribution to unitholders of record at the close of business on April 30, 2007 and payable on May 15, 2007 is $0.104 Cdn per unit.

Throughout the month of March 2007, Citadel S-1 repurchased 17,900 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at April 12, 2007, Citadel S-1's net asset value was $15.42 Cdn per unit. The current portfolio consists of 29% utility and infrastructure, 31% income funds, 18% oil and gas royalty trusts, 19% real estate investment trusts, and 3% cash and cash equivalents.

Top Ten Holdings at April 17, 2007:

1) Northland Power Income Fund
2) Keyera Facilities Income Fund
3) Inter Pipeline Fund
4) Firm Capital Mortgage Investment Trust
5) Altagas Income Trust
6) Dundee Reit
7) Amtelecom Income Fund
8) Yellow Pages Income Fund
9) Riocan Reit
10) ARC Energy Trust

Contact Information

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