Citadel S-1 Income Trust Fund
TSX : SDL.UN

Citadel S-1 Income Trust Fund

March 14, 2007 20:15 ET

Citadel S-1 Income Trust Fund 2006 Income Tax Information

CALGARY, ALBERTA--(CCNMatthews - March 14, 2007) - The following information is intended to assist holders of Units of Citadel S-1 Income Trust Fund (the "Trust") (TSX:SDL.UN) in the preparation of their 2006 Income Tax Return. This summary table below is directed to a Unitholder who, for the purposes of the Income Tax Act (Canada) is a resident of Canada and holds the Units as capital property.



Record Eligible Non-Eligible
Date Pay Date Income Dividends Dividends

31-Jan-06 15-Feb-06 $ 0.0396 $ 0.0037 $ 0.0016
28-Feb-06 15-Mar-06 $ 0.0396 $ 0.0037 $ 0.0016
31-Mar-06 17-Apr-06 $ 0.0396 $ 0.0037 $ 0.0016
30-Apr-06 15-May-06 $ 0.0396 $ 0.0037 $ 0.0016
31-May-06 15-Jun-06 $ 0.0396 $ 0.0037 $ 0.0016
30-Jun-06 14-Jul-06 $ 0.0396 $ 0.0037 $ 0.0016
31-Jul-06 15-Aug-06 $ 0.0396 $ 0.0037 $ 0.0016
31-Aug-06 15-Sep-06 $ 0.0396 $ 0.0037 $ 0.0016
30-Sep-06 16-Oct-06 $ 0.0396 $ 0.0037 $ 0.0016
31-Oct-06 15-Nov-06 $ 0.0396 $ 0.0037 $ 0.0016
30-Nov-06 15-Dec-06 $ 0.0396 $ 0.0037 $ 0.0016
31-Dec-06 15-Jan-07 $ 0.0396 $ 0.0037 $ 0.0016
31-Dec-06 15-Jan-07 $ 0.1333 $ 0.0126 $ 0.0054
----------------------------------------------
$ 0.6085 $ 0.0570 $ 0.0246
----------------------------------------------
----------------------------------------------

Record Capital Return of Total
Date Pay Date Gain Capital Distribution

31-Jan-06 15-Feb-06 $ 0.0579 $ 0.0012 $ 0.1040
28-Feb-06 15-Mar-06 $ 0.0579 $ 0.0012 $ 0.1040
31-Mar-06 17-Apr-06 $ 0.0579 $ 0.0012 $ 0.1040
30-Apr-06 15-May-06 $ 0.0579 $ 0.0012 $ 0.1040
31-May-06 15-Jun-06 $ 0.0579 $ 0.0012 $ 0.1040
30-Jun-06 14-Jul-06 $ 0.0579 $ 0.0012 $ 0.1040
31-Jul-06 15-Aug-06 $ 0.0579 $ 0.0012 $ 0.1040
31-Aug-06 15-Sep-06 $ 0.0579 $ 0.0012 $ 0.1040
30-Sep-06 16-Oct-06 $ 0.0579 $ 0.0012 $ 0.1040
31-Oct-06 15-Nov-06 $ 0.0579 $ 0.0012 $ 0.1040
30-Nov-06 15-Dec-06 $ 0.0579 $ 0.0012 $ 0.1040
31-Dec-06 15-Jan-07 $ 0.0579 $ 0.0012 $ 0.1040
31-Dec-06 15-Jan-07 $ 0.1948 $ 0.0039 $ 0.3500
----------------------------------------------
$ 0.8896 $ 0.0183 $ 1.5980
----------------------------------------------
----------------------------------------------


Each Unitholder will receive a T3 supplementary slip for 2006 that will indicate the amount of "Other Income" - Box 26,"Eligible Dividends" - Box 49, "Non-Eligible Dividends" - Box 23 and "Capital Gains" - Box 21 that are to be included in their tax return. The dividends will be subject to the gross-up and federal dividend tax credit rules. The T3 supplementary slips are prepared by Computershare Trust Company of Canada and/or investment dealers. Unitholders are advised to contact their investment dealer directly if they do not receive their T3 supplementary slip.

The Increase to the adjusted cost base ("ACB") to the Unitholder represents a portion of the non-taxable component of capital gains retained by the Trust and results in an increase to the adjusted cost base of the Unitholder's units.

If the Units were held within a RRSP, DPSP, or RRIF, then no T3 slip would be received and no amount would be required to be reported on the Unitholder's personal tax return.

Contact Information

  • Citadel S-1 Income Trust Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    Toll Free: 1-877-261-9674
    Website: www.citadelfunds.com