March 23, 2006 09:30 ET

MYDAS Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - March 23, 2006) - MYDAS Fund (TSX:MYF.UN) reports the distribution to unitholders of record at the close of business on March 31, 2006 and payable on April 17, 2006 is $0.11 Cdn per unit.

Throughout the month of February 2006, MYDAS Fund repurchased 74,200 units at an average price of $14.96 per unit under its mandatory repurchase program, which represented a discount to net asset value of 5.4%.

As at March 16, 2006, MYDAS's net asset value was $15.83 per unit. The current portfolio consists of 39% income funds, 39% oil and gas royalty trusts, 11% real estate investment trusts, 2% power generation funds and 9% cash and cash equivalents.

Top Ten Holdings at March 21, 2006:

1) Harvest Energy Trust
2) Canetic Resources Trust
3) NAL Oil & Gas Trust
4) Baytex Energy Trust
5) TransForce Income Fund
6) Trilogy Energy Trust
7) KCP Income Fund
8) Esprit Energy Trust
9) Keystone North America Inc. Income
10) Shiningbank Energy Income Fund

Contact Information

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