CALGARY, ALBERTA--(CCNMatthews - May 23, 2007) - Citadel Premium Income Fund (TSX:CPF.UN) reports the distribution to unitholders of record at the close of business on May 31, 2007 and payable on June 15, 2007 is $0.085 Cdn per unit.
Throughout the month of April 2007, Citadel Premium repurchased 139,350 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.
As at May 17, 2007, Citadel Premium's net asset value was $12.01 Cdn per unit. The current portfolio consists of 28% oil and gas royalty trusts, 46% ongoing business trusts, 1% power funds, 9% real estate investment trusts, 13% utilities and infrastructure, and 3% cash and cash equivalents.
Top Ten Holdings at May 17, 2007: 1) Vermilion Energy Trust 2) Focus Energy Trust 3) Enerplus Resources Fund 4) Consumers Waterheater Income Fund 5) ARC Energy Trust 6) TransForce Income Fund 7) AG Growth Income Fund 8) Keyera Facilities Income Fund 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