August 23, 2005 09:30 ET

MYDAS Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - Aug. 23, 2005) - MYDAS Fund (TSX:MYF.UN) reports the distribution to unitholders of record at the close of business on August 31, 2005 and payable on September 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 September 2005.

As at August 18, 2005, MYDAS's net asset value was $31.49 per unit. The current portfolio consists of 36% income funds, 37% oil and gas royalty trusts, 16% real estate investment trusts, 3% power generation funds and 8% cash and cash equivalents.

Top Ten Holdings at August 18, 2005:

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

Contact Information

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