Series S-1 Income Fund

Series S-1 Income Fund

December 19, 2006 12:20 ET

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

CALGARY, ALBERTA--(CCNMatthews - Dec. 19, 2006) - Series S-1 Income Fund (TSX:SRC.UN) reports the distribution to unitholders of record at the close of business on December 31, 2006 and payable on January 15, 2006 is $0.075 Cdn per unit.

Throughout the month of November 2006, Series S-1 repurchased 272,100 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at December 14, 2006, Series S-1's net asset value was $9.98 Cdn per unit. The current portfolio consists of 29% ongoing business trusts, 22% power generation funds, 15% oil and gas royalty trusts, 16% real estate investment trusts, 13% pipeline and energy distribution funds and 5% cash and cash equivalents.

Top Ten Holdings at December 15, 2006:

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

Contact Information

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