September 22, 2005 09:30 ET

MYDAS Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - Sept. 22, 2005) - MYDAS Fund (TSX:MYF.UN) reports the distribution to unitholders of record at the close of business on September 30, 2005 and payable on October 14, 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 October 2005.

As at September 15, 2005, MYDAS's net asset value was $32.88 per unit. The current portfolio consists of 33% income funds, 40% oil and gas royalty trusts, 15% real estate investment trusts, 3% power generation funds and 9% cash and cash equivalents.

Top Ten Holdings at September 16, 2005:

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

Contact Information

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