Citadel SMaRT Fund

Citadel SMaRT Fund

March 23, 2009 15:19 ET

Citadel SMaRT Fund Announces Distribution

CALGARY, ALBERTA--(Marketwire - March 23, 2009) - Citadel SMaRT Fund (TSX:CRT.UN) announces the monthly cash distribution to unitholders has been reduced from $0.28 Cdn per unit to the original distribution rate of $0.208 Cdn per unit. Unitholders of record at the close of business on March 31, 2009 will be paid the distribution of $0.208 Cdn per unit on April 15, 2009.

Throughout the month of February 2009, Citadel SMaRT repurchased 4,600 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at March 19, 2009, Citadel SMaRT's net asset value was $21.48 Cdn per unit. The current portfolio consists of 31% oil and gas royalty trusts, and 68% fixed portfolio, and 1% cash and cash equivalents.

Contact Information

  • Citadel SMaRT Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    Citadel SMaRT Fund
    Andrea Kladar
    Vice President, Sales and Marketing Western Region