Citadel S-1 Income Trust Fund

Citadel S-1 Income Trust Fund

March 23, 2006 09:30 ET

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

CALGARY, ALBERTA--(CCNMatthews - March 23, 2006) - Citadel S-1 Income Trust Fund (TSX:SDL.UN) reports the distribution to unitholders of record at the close of business on March 31, 2006 and payable on April 17, 2006 is $0.104 Cdn per unit.

Throughout the month of February 2006, Citadel S-1 repurchased 16,400 units at an average price of $15.92 per unit under its mandatory repurchase program, which represented a discount to net asset value of 6.7%.

As at March 16, 2006, Citadel S-1's net asset value was $17.30 Cdn per unit. The current portfolio consists of 33% utility and infrastructure, 21% income funds, 18% oil and gas royalty trusts, 16% real estate investment trusts, and 12% cash and cash equivalents.

Top Ten Holdings at March 21, 2006:

1) Keyera Facilities Income Fund
2) Inter Pipeline Fund
3) TransAlta Power L.P
4) Dundee Reit
5) Boralex Power Income Fund
6) Algonquin Power Income Fund
7) Northland Power Income Fund
8) Royal LePage Franchise
9) Summit Reit
10) Firm Capital Mortgage Investment Trust

Contact Information

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