Citadel Stable S-1 Income Fund

Citadel Stable S-1 Income Fund

March 22, 2007 09:30 ET

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

CALGARY, ALBERTA--(CCNMatthews - March 22, 2007) - Citadel Stable S-1 Income Fund (TSX:CSR.UN) reports the distribution to unitholders of record at the close of business on March 31, 2007 and payable on April 16, 2007 is $0.0583 Cdn per unit.

Throughout the month of February 2007, Stable S-1 repurchased 291,700 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at March 15, 2007, Citadel Stable S-1's net asset value was $8.41 Cdn per unit. The current portfolio consists of 17% real estate investment trusts, 15% oil and gas royalty trusts, 20% power generation funds, 28% ongoing business trusts, 17% pipeline and energy distribution funds, and 3% cash and cash equivalents.

Top Ten Holdings at March 20, 2007:

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

Contact Information

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