MYDAS Fund

MYDAS Fund

March 22, 2005 09:30 ET

MYDAS Fund Announces Distribution and Top Ten Holdings


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MYDAS FUND

TSX SYMBOL: MYF.UN

MARCH 22, 2005 - 09:30 ET

MYDAS Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - March 22, 2005) - MYDAS Fund
(TSX:MYF.UN) reports the distribution to unitholders of record at the
close of business on March 31, 2005 and payable on April 15, 2005 is
$0.208 Cdn per unit.

This distribution includes the regular monthly distribution of $0.1875
Cdn per unit plus a special distribution of $0.0205 per unit. In
accordance with the Fund's distribution policy of paying periodic top-up
distributions, the Administrator has assessed the accumulated surplus
distributions received by the Fund and determined to continue to pay a
top-up distribution of $0.0205 per unit for April 2005.

As at March 17, 2005, MYDAS's net asset value was $31.29 per unit. The
current portfolio consists of 36% income funds, 22% oil and gas royalty
trusts, 16% real estate investment trusts, 8% pipeline and energy
distribution funds, 2% power generation funds and 16% cash and cash
equivalents.



Top Ten Holdings at March 17, 2005:

1) ARC Energy Trust
2) Acclaim Energy Trust
3) O&Y Reit
4) Davis & Henderson Income Fund
5) CCS Income Fund
6) Energy Savings Income Fund
7) TransForce Income Fund
8) Atlas Cold Storage Income Trust
9) Brick Group Income Fund
10) Harvest Energy Trust


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    MYDAS Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Website: www.citadelfunds.com