Citadel S-1 Income Trust Fund

Citadel S-1 Income Trust Fund

November 22, 2007 09:30 ET

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

CALGARY, ALBERTA--(Marketwire - Nov. 22, 2007) - Citadel S-1 Income Trust Fund (TSX:SDL.UN) reports the distribution to unitholders of record at the close of business on November 30, 2007 and payable on December 14, 2007 is $0.104 Cdn per unit.

Throughout the month of October 2007, Citadel S-1 repurchased 17,000 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at November 14, 2007, Citadel S-1's net asset value was $14.91 Cdn per unit. The current portfolio consists of 34% utility and infrastructure, 28% income funds, 19% oil and gas royalty trusts, 14% real estate investment trusts, and 5% cash and cash equivalents.

Top Ten Holdings at November 20, 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) Yellow Pages Income Fund
7) EPCOR Power LP
8) Bell Aliant
9) Vermilion Energy Trust
10) CML Healthcare Income Fund

Contact Information

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