Citadel Stable S-1 Income Fund

Citadel Stable S-1 Income Fund

October 23, 2006 09:30 ET

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

CALGARY, ALBERTA--(CCNMatthews - Oct. 23, 2006) - Citadel Stable S-1 Income Fund (TSX:CSR.UN) reports the distribution to unitholders of record at the close of business on October 31, 2006 and payable on November 15, 2006 is $0.0583 Cdn per unit.

Throughout the month of September 2006, Stable S-1 repurchased 126,000 units at an average price of $8.77 per unit under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at October 19, 2006, Citadel Stable S-1's net asset value was $9.23 Cdn per unit. The current portfolio consists of 14% real estate investment trusts, 15% oil and gas royalty trusts, 20% power generation funds, 24% ongoing business trusts, 16% pipeline and energy distribution funds, and 11% cash and cash equivalents.

Top Ten Holdings at October 19, 2006:

1) Northland Power Income Fund
2) Dundee Reit
3) Atlantic Power Corporation
4) Inter Pipeline Fund
5) Keyera Facilities Income Fund
6) Fort Chicago Energy Partners
7) Yellow Pages Income Fund
8) Baytex Energy Trust
9) Transalta Power LP
10) NAL Oil & Gas Trust

Contact Information

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