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

Citadel Stable S-1 Income Fund

May 29, 2006 13:00 ET

Citadel Stable S-1 Income Fund: Summary of Investment Portfolio as at March 31, 2006

CALGARY, ALBERTA--(CCNMatthews - May 29, 2006) - Citadel S-1 Income
Trust Fund (TSX:CSR.UN):



SUMMARY OF INVESTMENT PORTFOLIO
As at March 31, 2006 (unaudited)

Net Assets: $531,023,191


Portfolio by Sector % of Net Assets
------------------------------------------------------------------------
Ongoing Business Trusts 20.02%
Real Estate Investment Trusts 18.69%
Power Generation Investments 18.31%
Oil & Gas Royalty Trusts 17.38%
Pipeline / Energy Investments 16.24%
Cash and Term Deposits 9.31%
Other Assets, net of liabilities 0.05%
------------------------------------------------------------------------
Total Net Assets 100.00%
------------------------------------------------------------------------



Top 25 Holdings

Summit Reit 4.96%
Keyera Facilities Income Fund 4.21%
Dundee Reit 4.19%
Atlantic Power Corporation 4.05%
Yellow Pages Income Fund 3.90%
Inter Pipeline Fund 3.77%
Northland Power Income Fund 3.56%
Transalta Power L.P. 3.13%
NAL Oil & Gas Trust 3.02%
Noranda Income Fund 2.97%
Retirement Residences Reit 2.90%
Canetic Resources Trust 2.81%
Fort Chicago Energy Partners L.P. 2.71%
Baytex Energy Trust 2.51%
Harvest Energy Trust 2.46%
AltaGas Income Trust 2.39%
Paramount Energy Trust 2.34%
Great Lakes Carbon Income Fund 2.15%
Boralex Power Income Fund 2.06%
Energy Savings Income Fund 2.05%
Algonquin Power Income Fund 1.96%
KCP Income Fund 1.87%
Riocan Reit 1.87%
Innergex Power Income Fund 1.81%
H&R Reit 1.76%


The summary of investment portfolio may change due to ongoing portfolio transactions. Quarterly updates of the investment portfolio are available at www.citadelfunds.com.



Contact Information

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