Citadel Funds' Unitholders are Reminded to Vote Their Proxy FOR the
Reorganization Proposal

    
    Voting deadline is fast approaching - exercise your right to vote and
    protect your investment 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. 23 /CNW/ - Citadel Fund Administrator (the "Administrator") today reminded unitholders that the September 28, 2009 voting deadline is fast approaching and encouraged unitholders to vote today.

By voting FOR the Reorganization Proposal and AGAINST the Hostile Proposal, unitholders will:

    
    -   Have Canada's leading independent investment manager, Jarislowsky,
        Fraser Limited;
    -   Have an opportunity to participate in a continuing fund with an
        expanded investment strategy that will include a broad variety of
        income-producing securities;
    -   Have special redemption rights which include a streamlined redemption
        process to allow investment advisors to execute the redemption forms
        on their behalf;
    -   Avoid paying $14 million in unnecessary fees; and
    -   Benefit from lower annual investment management, administrative and
        service fees.
    

"The Reorganization Proposal is expected to significantly increase long-term value for unitholders and is the superior proposal," said Wayne Pushka, President of Citadel Fund Administrator. "We encourage unitholders to review the proposal very carefully, and in doing so, I trust they will see that the Reorganization Proposal is the better alternative.

"Unitholders have told us that having redemption privileges is an important feature," continued Mr. Pushka. "We want to emphasize that unitholders will have an increased likelihood of redeeming their units by voting FOR the Reorganization Proposal."

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

Unitholders are reminded about the streamlined redemption process, which no longer requires a redemption form to be completed by the unitholder. 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.

    
    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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