Citadel S-1 Income Trust Fund

Citadel S-1 Income Trust Fund

April 22, 2008 09:30 ET

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

CALGARY, ALBERTA--(Marketwire - April 22, 2008) - Citadel S-1 Income Trust Fund (TSX:SDL.UN) ("Citadel S-1" or the "Fund") reports the distribution to unitholders of record at the close of business on April 30, 2008 and payable on May 15, 2008 is $0.104 Cdn per unit.

Throughout the month of March 2008, Citadel S-1 repurchased 14,100 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at April 17, 2008, Citadel S-1's net asset value was $14.57 Cdn per unit. The current portfolio consists of 35% utility and infrastructure, 28% income funds, 22% oil and gas royalty trusts, 13% real estate investment trusts, and 2% cash and cash equivalents.

Top Ten Holdings at April 18, 2008:

1) Northland Power Income Fund
2) Keyera Facilities Income Fund
3) Altagas Income Trust
4) EPCOR Power LP
5) Inter Pipeline Fund
6) Firm Capital Mortgage Investment Trust
7) Crescent Point Energy Trust
8) Vermilion Energy Trust
9) ARC Energy Trust
10) Enerplus Resources Fund

Contact Information

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