Citadel Stable S-1 Income Fund
TSX : CSR.UN

Citadel Stable S-1 Income Fund

July 09, 2008 18:37 ET

Citadel Stable S-1 Income Fund Announces Redemption Amount

CALGARY, ALBERTA--(Marketwire - July 9, 2008) - Citadel Stable S-1 Income Fund Trust (TSX:CSR.UN) announces the redemption price of $8.02 per trust unit in respect of the most recent redemption date of June 27, 2008. The redemption amount will be paid to redeeming unitholders on July 15, 2008, the 10th business day in July.

Trust units of Citadel Stable S-1 may be surrendered for redemption in June of any year, but must be surrendered at least 20 business days prior to the redemption date. Trust units surrendered for redemption are redeemed on the redemption date at a redemption price per unit equal to 100% of the net asset value on the redemption date less the costs of, and associated with, selling a corresponding amount of the portfolio, including commissions. For the purposes of calculating this net asset value, the value of the portfolio securities comprising the portfolio was equal to the weighted average trading price of such securities over the last three business days of the month of June.

For the redemption date of June 27, 2008, approximately 24% of the outstanding trust units were tendered for redemption representing 6,306,296 units. The combined costs of, and associated with, selling that portion of the portfolio were $0.02 per trust unit.

Contact Information

  • Citadel Stable S-1 Income Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Website: www.citadelfunds.com