Citadel S-1 Income Trust Fund

Citadel S-1 Income Trust Fund

December 19, 2006 12:20 ET

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

CALGARY, ALBERTA--(CCNMatthews - Dec. 19, 2006) - Citadel S-1 Income Trust Fund (TSX:SDL.UN) reports the distribution to unitholders of record at the close of business on December 31, 2006 and payable on January 15, 2006 is $0.454 Cdn per unit.

This distribution includes the regular monthly distribution of $0.104 per unit and a special distribution of $0.35 per unit to unitholders of record on December 31, 2006 and payable January 15, 2007.

Throughout the month of November 2006, Citadel S-1 repurchased 17,900 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at December 14, 2006, Citadel S-1's net asset value was $15.34 Cdn per unit. The current portfolio consists of 24% utility and infrastructure, 22% income funds, 19% oil and gas royalty trusts, 23% real estate investment trusts, and 12% cash and cash equivalents.

Top Ten Holdings at December 15, 2006:

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

Contact Information

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