Citadel Funds Encouraged by Strong Show of Unitholder Support

TORONTO, Sept. 25 /CNW/ - Citadel Fund Administrator reminds unitholders that the deadline for voting at the upcoming meetings is fast approaching. Unitholders can vote up until 9:00 a.m. (Toronto time) on September 28, 2009 by telephone at 1-800-474-7493 for Canadian unitholders and 1-800-454-8683 for U.S. unitholders, or online at www.proxyvote.com and enter their 12 digit control number. Unitholders that have already voted in support of the Hostile Proposal still have time to change their vote - unitholders can vote all weekend.

    
    The special meetings are for the following funds:
    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")
    

"We are very pleased with strong demonstrations of unitholder support we have been receiving across all the funds," said Wayne Pushka, President of Citadel Fund Administrator. "We look forward to the upcoming meetings and moving forward with the revitalization of the funds."

It is important that unitholders help prepare the funds for the future and make sure their voices are heard by voting their proxies FOR the Reorganization Proposal and AGAINST the Hostile Proposal.

    
    Information on the redemption proceeds payment date
    ---------------------------------------------------
    

The estimated 2009 redemption proceeds payment date for the Reorganization Proposal is October 31, 2009. No further approvals are required if the Reorganization Proposal is approved at the upcoming meeting. It is crucial that unitholders take action immediately to protect their investment in Citadel by voting FOR the Reorganization Proposal and AGAINST the Hostile Proposal.

For details of the Reorganization Proposal unitholders are encouraged to visit our website at www.CitadelMeeting.com or to contact us at 1-877-261-9674.

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

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

Please take the time to vote FOR the Reorganization Proposal and AGAINST the Hostile Proposal. 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.

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

Organization Profile

CITADEL GROUP OF FUNDS

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890