CALGARY, ALBERTA--(CCNMatthews - Nov. 22, 2006) - Citadel Premium Income Fund (TSX:CPF.UN) reports the distribution to unitholders of record at the close of business on November 30, 2006 and payable on December 15, 2006 is $0.085 Cdn per unit.
Throughout the month of October 2006, Citadel Premium repurchased 20,400 units at an average price of $11.82 per unit under its mandatory repurchase program when the Fund traded at a discount greater than 5%.
As at November 16, 2006, Citadel Premium's net asset value was $10.18 Cdn per unit. The current portfolio consists of 27% oil and gas royalty trusts, 49% ongoing business trusts, 3% power funds, 12% real estate investment trusts, 5% utilities and infrastructure, 3% common shares and 1% cash and cash equivalents.
Top Ten Holdings at November 17, 2006: 1) Vermilion Energy Trust 2) Enerplus Resources Fund 3) Focus Energy Trust 4) ARC Energy Trust 5) TransForce Income Fund 6) Telus Corp 7) H&R Reit 8) Crescent Point Energy Trust 9) Innvest Reit 10) Yellow Pages Income Fund
FOR FURTHER INFORMATION PLEASE CONTACT:
Citadel Premium Income Fund
Executive Vice President, Sales and Marketing