Series S-1 Income Fund

Series S-1 Income Fund

April 22, 2008 09:30 ET

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

CALGARY, ALBERTA--(Marketwire - April 22, 2008) - Series S-1 Income Fund ("Series S-1" or the "Fund") (TSX:SRC.UN) reports the distribution to unitholders of record at the close of business on April 30, 2008 and payable on May 15, 2008 is $0.075 Cdn per unit.

Throughout the month of March 2008, Series S-1 repurchased 109,500 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at April 17, 2008, Series S-1's net asset value was $9.86 Cdn per unit. The current portfolio consists of 30% ongoing business trusts, 18% power generation funds, 20% oil and gas royalty trusts, 9% real estate investment trusts, 22% pipeline and energy distribution funds, and 1% cash and cash equivalents.

Top Ten Holdings at April 18, 2008:

1) Northland Power Income Fund
2) Fort Chicago Energy Partners
3) Inter Pipeline Fund
4) Keyera Facilities Income Fund
5) Yellow Pages Income Fund
6) EPCOR Power LP
7) ARC Energy Trust
8) Altagas Income Trust
9) Enerplus Resources Fund
10) Consumers Waterheater Income Fund

Contact Information

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