CALGARY, ALBERTA--(Marketwire - Oct. 23, 2007) - Citadel Premium Income Fund (TSX:CPF.UN) reports the distribution to unitholders of record at the close of business on October 31, 2007 and payable on November 15, 2007 is $0.085 Cdn per unit.
Throughout the month of September 2007, Citadel Premium repurchased 25,500 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.
As at October 18, 2007, Citadel Premium's net asset value was $11.03 Cdn per unit. The current portfolio consists of 30% oil and gas royalty trusts, 50% ongoing business trusts, 11% real estate investment trusts, 8% utilities and infrastructure, and 1% cash and cash equivalents.
Top Ten Holdings at October 18, 2007: 1) Vermilion Energy Trust 2) Inter Pipeline Fund 3) Focus Energy Trust 4) ARC Energy Trust 5) Crescent Point Energy Trust 6) Primaris Retail Reit 7) Enerplus Resources Fund 8) TransForce Income Fund 9) Keystone North America Inc 10) Energy Savings Income Fund
FOR FURTHER INFORMATION PLEASE CONTACT:
Citadel Premium Income Fund
Executive Vice President, Sales and Marketing