Citadel Stable S-1 Income Fund

Citadel Stable S-1 Income Fund

March 22, 2005 09:30 ET

Citadel Stable S-1 Announces Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CITADEL STABLE S-1 INCOME FUND

TSX SYMBOL: CSR.UN

MARCH 22, 2005 - 09:30 ET

Citadel Stable S-1 Announces Distribution

CALGARY, ALBERTA--(CCNMatthews - March 22, 2005) - Citadel Stable S-1
Income Fund (TSX:CSR.UN) reports the distribution to unitholders of
record at the close of business on March 31, 2005 and payable on April
15, 2005 is $0.045 Cdn per unit.

This partial distribution reflects that the Fund was not fully invested
during the month. The current portfolio consists of 21% ongoing business
trusts, 16% power generation funds, 14% real estate investment trusts,
13% oil and gas royalty trusts, 7% pipeline and energy distribution
funds and 29% cash and cash equivalents.

As at March 17, 2005, Citadel Stable S-1's net asset value was $9.20 Cdn
per unit. The Fund's portfolio continues to be assembled by Bloom
Investment Counsel Inc., the Fund's investment manager. Bloom employs an
"asset allocation" investment approach by selecting and actively
managing a diversified portfolio of Canadian income funds, while
maintaining an S&P SR-1 Stability Rating.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Citadel Stable S-1 Income Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Website: www.citadelfunds.com