Citadel Stable S-1 Income Fund

Citadel Stable S-1 Income Fund

March 23, 2006 09:30 ET

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

CALGARY, ALBERTA--(CCNMatthews - March 23, 2006) - Citadel Stable S-1 Income Fund (TSX:CSR.UN) reports the distribution to unitholders of record at the close of business on March 31, 2006 and payable on April 17, 2006 is $0.0583 Cdn per unit.

Throughout the month of February 2006, Citadel Stable S-1 repurchased 420,700 units at an average price of $9.01 per unit under its mandatory repurchase program when the fund traded at a discount greater than 5%.

As at March 16, 2006, Citadel Stable S-1's net asset value was $9.51 Cdn per unit. The current portfolio consists of 20% ongoing business trusts, 19% power generation funds, 19% real estate investment trusts, 17% oil and gas royalty trusts, 16% pipeline and energy distribution funds and 9% cash and cash equivalents.

Top Ten Holdings at March 21, 2006:

1) Summit Reit
2) Dundee Reit
3) Atlantic Power Corporation
4) Keyera Facilities Income Fund
5) Inter Pipeline Fund
6) Yellow Pages Income Fund
7) Northland Power Income Fund
8) Noranda Income Fund
9) TransAlta Power
10) NAL Oil & Gas Trust

Contact Information

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