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

Citadel S-1 Income Trust Fund

March 05, 2009 18:00 ET

Citadel S-1 Income Trust Fund 2008 Income Tax Information

CALGARY, ALBERTA--(Marketwire - March 5, 2009) - The following information is intended to assist holders of units of Citadel S-1 Income Trust Fund (TSX:SDL.UN) (the "Trust") in the preparation of their 2008 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.



Non- Return Total
Record Eligible Eligible Capital of Distr-
Date Pay Date Income Dividends Dividends Gain Capital ibution

31-Jan-08 15-Feb-08 $0.07235 $0.00588 $0.00009 $ - $0.02568 $0.10400
29-Feb-08 14-Mar-08 $0.07235 $0.00588 $0.00009 $ - $0.02568 $0.10400
31-Mar-08 15-Apr-08 $0.07235 $0.00588 $0.00009 $ - $0.02568 $0.10400
30-Apr-08 15-May-08 $0.07235 $0.00588 $0.00009 $ - $0.02568 $0.10400
31-May-08 16-Jun-08 $0.07235 $0.00588 $0.00009 $ - $0.02568 $0.10400
30-Jun-08 15-Jul-08 $0.07235 $0.00588 $0.00009 $ - $0.02568 $0.10400
31-Jul-08 15-Aug-08 $0.07235 $0.00588 $0.00009 $ - $0.02568 $0.10400
31-Aug-08 15-Sep-08 $0.07235 $0.00588 $0.00009 $ - $0.02568 $0.10400
30-Sep-08 15-Oct-08 $0.07235 $0.00588 $0.00009 $ - $0.02568 $0.10400
31-Oct-08 14-Nov-08 $0.07235 $0.00588 $0.00009 $ - $0.02568 $0.10400
30-Nov-08 15-Dec-08 $0.07235 $0.00588 $0.00009 $ - $0.02568 $0.10400
31-Dec-08 15-Jan-09 $0.07235 $0.00588 $0.00009 $ - $0.02568 $0.10400
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$0.86820 $0.07056 $0.00108 $ - $0.30816 $1.24800
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Each unitholder will receive a T3 supplementary slip for 2008 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 "Return of Capital" (Box 42) is a non-taxable amount and will reduce the Adjusted Cost Base of the units held by the unitholder.

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
    1-877-261-9674
    or
    Citadel S-1 Income Trust Fund
    Andrea Kladar
    Vice President, Sales and Marketing Western Region
    1-866-936-7880
    Website: www.citadelfunds.com