Series S-1 Income Fund

Series S-1 Income Fund

March 22, 2007 09:30 ET

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

CALGARY, ALBERTA--(CCNMatthews - March 22, 2007) - Series S-1 Income Fund (TSX:SRC.UN) reports the distribution to unitholders of record at the close of business on March 31, 2007 and payable on April 16, 2007 is $0.075 Cdn per unit.

Throughout the month of February 2007, Series S-1 repurchased 128,400 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at March 15, 2007, Series S-1's net asset value was $10.06 Cdn per unit. The current portfolio consists of 32% ongoing business trusts, 21% power generation funds, 15% oil and gas royalty trusts, 15% real estate investment trusts, 15% pipeline and energy distribution funds, and 2% cash and cash equivalents.

Top Ten Holdings at March 20, 2007:

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

Contact Information

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