Series S-1 Income Fund

Series S-1 Income Fund

April 20, 2007 09:30 ET

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

CALGARY, ALBERTA--(CCNMatthews - April 20, 2007) - Series S-1 Income Fund (TSX:SRC.UN) reports the distribution to unitholders of record at the close of business on April 30, 2007 and payable on May 15, 2007 is $0.075 Cdn per unit.

Throughout the month of March 2007, Series S-1 repurchased 147,600 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at April 12, 2007, Series S-1's net asset value was $10.41 Cdn per unit. The current portfolio consists of 33% ongoing business trusts, 21% power generation funds, 15% oil and gas royalty trusts, 14% real estate investment trusts, 15% pipeline and energy distribution funds, and 2% cash and cash equivalents.

Top Ten Holdings at April 17, 2007:

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

Contact Information

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