Citadel S-1 Income Trust Fund

Citadel S-1 Income Trust Fund

August 23, 2007 09:30 ET

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

CALGARY, ALBERTA--(Marketwire - Aug. 23, 2007) - Citadel S-1 Income Trust Fund (TSX:SDL.UN) reports the distribution to unitholders of record at the close of business on August 31, 2007 and payable on September 14, 2007 is $0.104 Cdn per unit.

Throughout the month of July 2007, Citadel S-1 repurchased 16,600 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at August 16, 2007, Citadel S-1's net asset value was $14.90 Cdn per unit. The current portfolio consists of 31% utility and infrastructure, 26% income funds, 18% oil and gas royalty trusts, 18% real estate investment trusts, and 7% cash and cash equivalents.

Top Ten Holdings at August 21, 2007:

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

Contact Information

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