CALGARY, ALBERTA--(Marketwire - Nov. 20, 2008) - Citadel Premium Income Fund (TSX:CPF.UN) ("Citadel Premium" or the "Fund") reports the distribution to unitholders of record at the close of business on November 30, 2008 and payable on December 15, 2008 is $0.085 Cdn per unit.
Throughout the month of October 2008, Citadel Premium repurchased 50,700 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.
As at November 18, 2008, Citadel Premium's net asset value was $5.98 Cdn per unit. The current portfolio consists of 35% oil and gas royalty trusts, 47% ongoing business trusts, 11% real estate investment trusts, 4% utilities and infrastructure, and 3% cash and cash equivalents.
Top Ten Holdings at November 18, 2008: 1) Crescent Point Energy Trust 2) Vermilion Energy Trust 3) ARC Energy Trust 4) Enerplus Resources Fund 5) IBI Income Fund Trust 6) Primaris Retail Reit 7) Altus Group Income Fund 8) Inter Pipeline Fund 9) Yellow Pages Income Fund 10) Keystone North America Inc.
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
