Citadel Stable S-1 Income Fund

Citadel Stable S-1 Income Fund

April 20, 2007 09:30 ET

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

CALGARY, ALBERTA--(CCNMatthews - April 20, 2007) - Citadel Stable S-1 Income Fund (TSX:CSR.UN) reports the distribution to unitholders of record at the close of business on April 30, 2007 and payable on May 15, 2007 is $0.0583 Cdn per unit.

Throughout the month of March 2007, Stable S-1 repurchased 113,400 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at April 12, 2007, Citadel Stable S-1's net asset value was $8.66 Cdn per unit. The current portfolio consists of 17% real estate investment trusts, 16% oil and gas royalty trusts, 19% power generation funds, 28% ongoing business trusts, 16% pipeline and energy distribution funds, and 4% cash and cash equivalents.

Top Ten Holdings at April 17, 2007:

1) Atlantic Power Corporation
2) Northland Power Income Fund
3) Inter Pipeline Fund
4) Yellow Pages Income Fund
5) Dundee Reit
6) Keyera Facilities Income Fund
7) Fort Chicago Energy Partners
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