Citadel Premium Income Fund announces distribution

Stock Symbol: CPF.UN, TSX

TORONTO, Oct. 20 /CNW/ - Citadel Premium Income Fund ("Citadel Premium" or the "Fund") reports the distribution to unitholders of record at the close of business on October 30, 2009 and payable on November 15, 2009 is $0.045 Cdn per unit.

%SEDAR: 00023840E

For further information: Citadel Funds at 1-877-261-9674 or visit our website at www.citadelfunds.com