Citadel Stable S-1 Income Fund

Citadel Stable S-1 Income Fund

December 19, 2006 12:20 ET

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

CALGARY, ALBERTA--(CCNMatthews - Dec. 19, 2006) - Citadel Stable S-1 Income Fund (TSX:CSR.UN) reports the distribution to unitholders of record at the close of business on December 31, 2006 and payable on January 15, 2006 is $0.0583 Cdn per unit.

Throughout the month of November 2006, Stable S-1 repurchased 325,500 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at December 14, 2006, Citadel Stable S-1's net asset value was $8.48 Cdn per unit. The current portfolio consists of 19% real estate investment trusts, 15% oil and gas royalty trusts, 20% power generation funds, 24% ongoing business trusts, 17% pipeline and energy distribution funds, and 5% cash and cash equivalents.

Top Ten Holdings at December 15, 2006:

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

Contact Information

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