Series S-1 Income Fund

Series S-1 Income Fund

October 23, 2006 09:30 ET

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

CALGARY, ALBERTA--(CCNMatthews - Oct. 23, 2006) - Series S-1 Income Fund (TSX:SRC.UN) reports the distribution to unitholders of record at the close of business on October 31, 2006 and payable on November 15, 2006 is $0.075 Cdn per unit.

Throughout the month of September 2006, Series S-1 repurchased 62,600 units at an average price of $10.57 per unit under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at October 19, 2006, Series S-1's net asset value was $11.14 Cdn per unit. The current portfolio consists of 27% ongoing business trusts, 23% power generation funds, 17% oil and gas royalty trusts, 15% real estate investment trusts, 14% pipeline and energy distribution funds and 4% cash and cash equivalents.

Top Ten Holdings at October 19, 2006:

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

Contact Information

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