CALGARY, ALBERTA--(Marketwire - Oct. 23, 2008) - Citadel Premium Income Fund ("Citadel Premium" or the "Fund") (TSX:CPF.UN) reports the distribution to unitholders of record at the close of business on October 31, 2008 and payable on November 14, 2008 is $0.085 Cdn per unit.
Throughout the month of September 2008, Citadel Premium repurchased 48,600 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.
As at October 20, 2008, Citadel Premium's net asset value was $6.96 Cdn per unit. The current portfolio consists of 33% oil and gas royalty trusts, 51% ongoing business trusts, 10% real estate investment trusts, 4% utilities and infrastructure, and 2% cash and cash equivalents.
Top Ten Holdings at October 20, 2008: 1) Vermilion Energy Trust 2) Crescent Point Energy Trust 3) Enerplus Resources Fund 4) ARC Energy Trust 5) IBI Income Fund Trust 6) Yellow Pages Income Fund 7) Primaris Retail Reit 8) Inter Pipeline Fund 9) Keystone North America Inc. 10) Altus Group Income Fund
FOR FURTHER INFORMATION PLEASE CONTACT:
Citadel Premium Income Fund
Joe MacDonald
Executive Vice President, Sales and Marketing (East)
1-877-261-9674
Citadel Premium Income Fund
Andrea Kladar
Vice President, Sales and Marketing Western Region
1-866-936-7880
Website: www.citadelfunds.com
