Citadel SMaRT Fund

Citadel SMaRT Fund

March 22, 2005 09:30 ET

Citadel SMaRT Fund Announces Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CITADEL SMART FUND

TSX SYMBOL: CRT.UN

MARCH 22, 2005 - 09:30 ET

Citadel SMaRT Fund Announces Distribution

CALGARY, ALBERTA--(CCNMatthews - March 22, 2005) - Citadel SMaRT Fund
(TSX:CRT.UN) reports the distribution to unitholders of record at the
close of business on March 31, 2005 and payable on April 15, 2005 is
$0.208 Cdn per unit.

As at March 17, 2005, Citadel SMaRT's net asset value was $32.23 Cdn per
unit. The current portfolio consists of 63% oil and gas royalty trusts,
36% fixed portfolio and 1% cash and cash equivalents.

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