Citadel Funds' Reorganization Proposal Continues to Receive Strong Support
from Unitholders and Investment Community

    
    Unitholders encouraged to vote today

    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. 24 /CNW/ - Citadel Fund Administrator (the "Administrator") today reaffirmed the Reorganization Proposal is receiving significant support from Citadel Funds' unitholders and the investment community.

"I'm encouraged by the outpouring of support we have received to date from unitholders," said Wayne Pushka, President of Citadel Fund Administrator. "Since announcing the Reorganization Proposal, we have travelled across the country meeting with investment advisors, and spent a significant amount of time with our unitholders. I'm pleased that after careful review of both proposals, most of them agree that the Reorganization Proposal is the better alternative to enhance unitholder value."

With the Special Meetings of Unitholders less than a week away and deadlines for proxy-voting and redemption requests quickly approaching, it is crucial that unitholders take action quickly. Vote FOR the Reorganization Resolutions and AGAINST the Hostile Resolutions. If unitholders should choose to redeem, the greatest likelihood of receiving the redemption privilege is to vote FOR the Reorganization Resolutions and AGAINST the Hostile Resolutions AND submit your redemption request.

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 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.

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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CITADEL GROUP OF FUNDS

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