CALGARY, ALBERTA--(CCNMatthews - Jan. 23, 2007) - Citadel Premium Income Fund (TSX:CPF.UN) reports the distribution to unitholders of record at the close of business on January 31, 2007 and payable on February 15, 2007 is $0.085 Cdn per unit.
Throughout the month of December 2007, Citadel Premium repurchased 363,900 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.
As at January 18, 2007, Citadel Premium's net asset value was $10.65 Cdn per unit. The current portfolio consists of 26% oil and gas royalty trusts, 45% ongoing business trusts, 2% power funds, 11% real estate investment trusts, 6% utilities and infrastructure, and 10% cash and cash equivalents.
Top Ten Holdings at January 18, 2007: 1) Vermilion Energy Trust 2) Enerplus Resources Fund 3) Focus Energy Trust 4) ARC Energy Trust 5) TransForce Income Fund 6) Innvest Reit 7) H&R Reit 8) IPC US Reit 9) Crescent Point Energy Trust 10) Cineplex Galaxy Income Fund
FOR FURTHER INFORMATION PLEASE CONTACT:
Citadel Premium Income Fund
Executive Vice President, Sales and Marketing