Citadel Fund Administrator Responds to Unitholders and Streamlines Redemption
Process

    
    Unitholders no longer require redemption form

    Stock Symbols:
    --------------
    Citadel Diversified Investment Trust: CTD.UN, TSX
    Citadel Hytes Fund: CHF.UN, TSX
    Citadel Premium Income Fund: CPF.UN, TSX
    Citadel S-1 Income Trust Fund: SDL.UN, TSX
    Citadel SMaRT Fund: CRT.UN, TSX
    Citadel Stable S-1 Income Fund: CSR.UN, TSX
    Equal Weight Plus Fund: EQW.UN, TSX
    Series S-1 Income Fund: SRC.UN, TSX
    (Collectively, the "Citadel Funds")
    

TORONTO, Sept. 18 /CNW/ - Citadel Fund Administrator (the "Administrator") today announced that in response to Unitholders' feedback, the Administrator has streamlined the redemption process, and will no longer require a redemption form to be completed by the unitholder with respect to its Special Meetings of Unitholders on September 30, 2009. Unitholders who desire to exercise their redemption rights must notify their broker or investment advisor of their intention in sufficient time to allow their broker or advisor to deliver notice to CDS by September 28, 2009.

"When we took over as Administrator of the Citadel Funds, we committed to unitholders that we would always act in their best interests, and we take our stewardship of these funds very seriously," said Wayne Pushka, President of Citadel Fund Administrator. "We also committed to continue to be responsive to unitholder input.

"While we strongly believe that unitholders will see long-term value from the many benefits of our Reorganization Proposal, for those that wish to redeem their units, we are making the process more streamlined."

    
    Vote Your Blue Proxy FOR the Reorganization Proposal
    ----------------------------------------------------
    

Please take the time to vote FOR the Reorganization Resolutions and AGAINST the Hostile Resolutions. To make your vote count we need to receive your proxy by Monday, September 28, 2009 at 9:00 a.m. Toronto time. Time is of the essence - Unitholders can vote by telephone or via the internet, fax or mail and please ensure that you sign and date the proxy. If your units are held in a brokerage account a Voting Instruction Form has been mailed to you.

Canadian Unitholders: Visit www.proxyvote.com and enter your 12 digit control number or call 1-800-474-7493 or fax your BLUE Voting Instruction Form to 905-507-7793 or toll free at 1-866-623-5305 in order to ensure that it is received before the deadline.

U.S. Unitholders: Visit www.proxyvote.com and enter your 12 digit control number or call 1-800-454-8683.

If you have any questions on voting your proxy, please contact Kingsdale Shareholder Services Inc. toll-free 1-888-518-6828.

Remember every vote counts to protect your investment. Regardless of the number of units you own, please vote your proxy today.

Please visit www.CitadelMeeting.com for further information related to the Special Meeting resolutions. A link to this dedicated website will also be made available from the corporate website at www.citadelfunds.com.

Forward Looking Statements

This release contains forward-looking statements. These statements are based on certain factors and assumptions including, results of operations, performance and effective income tax rates. While the Funds and Citadel Fund Administrator consider these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Several factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to: the timing of and the ability to carry out the Reorganization, including the mergers and fluctuations in the net asset value. Forward-looking statements are given only as at the date of this release and the Funds and Citadel Fund Administrator disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

%SEDAR: 00008062E

SOURCE CITADEL GROUP OF FUNDS

For further information: For further information: Media Contact: Janet Craig, Kingsdale Communications Inc., (416) 867-2315, jac@kingsdalecommunications.com

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