Series S-1 Income Fund

Series S-1 Income Fund

March 23, 2006 09:30 ET

Series S-1 Income Fund Announces Distribution and Top Ten Holdings

CALGARY, ALBERTA--(CCNMatthews - March 23, 2006) - Series S-1 Income Fund (TSX:SRC.UN) reports the distribution to unitholders of record at the close of business on March 31, 2006 and payable on April 17, 2006 is $0.075 Cdn per unit.

Throughout the month of February 2006, Series S-1 repurchased 135,300 units at an average price of $10.52 per unit under its mandatory repurchase program, which represented a discount to net asset value of 7.3%.

As at March 16, 2006, Series S-1's net asset value was $11.41 Cdn per unit. The current portfolio consists of 31% ongoing business trusts, 21% power generation funds, 17% oil and gas royalty trusts, 15% pipeline and energy distribution funds, 14% real estate investment trusts and 2% cash and cash equivalents.

Top Ten Holdings at March 21, 2006:

1) TransAlta Power L.P.
2) Inter Pipeline Fund
3) Keyera Facilities Income Fund
4) Noranda Income Fund
5) Fort Chicago Energy Partners
6) Yellow Pages Income Fund
7) Dundee Reit
8) Retirement Residences Reit
9) Algonquin Power Income Trust
10) Boralex Power Income Fund

Contact Information

  • Series S-1 Income Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing