October 21, 2005 09:30 ET

MYDAS Fund Announces Distribution and Top Ten Holdings

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

As at October 18, 2005, MYDAS's net asset value was $29.98 per unit. The current portfolio consists of 37% income funds, 38% oil and gas royalty trusts, 16% real estate investment trusts, 2% power generation funds and 7% cash and cash equivalents.

Top Ten Holdings at October 19, 2005:

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

Contact Information

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