July 21, 2005 09:30 ET

MYDAS Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - July 21, 2005) - MYDAS Fund (TSX:MYF.UN) reports the distribution to unitholders of record at the close of business on July 31, 2005 and payable on August 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 August 2005.

As at July 14, 2005, MYDAS's net asset value was $30.78 per unit. The current portfolio consists of 40% income funds, 37% oil and gas royalty trusts, 16% real estate investment trusts, 1% pipeline and energy distribution funds, 2% power generation funds and 4% cash and cash equivalents.

Top Ten Holdings at July 19, 2005:

1) O&Y Reit
2) Acclaim Energy Trust
3) Davis & Henderson Income Fund
4) NAL Oil & Gas Trust
5) KCP Income Fund
6) Paramount Energy Trust
7) Esprit Energy Trust
8) TransForce Income Fund
9) Baytex Energy Trust
10) Harvest Energy Trust

Contact Information

  • MYDAS Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing