Recommends Unitholders Vote FOR the Reorganization Proposal
TORONTO, Sept. 22 /CNW/ - Crown Hill Fund (TSX: MYT.UN) (the "Fund") today announced that RiskMetrics Group (formerly ISS Governance Services), an independent proxy advisory firm has recommended that its clients vote FOR the Reorganization Proposal for the Crown Hill Fund.
The Fund's Reorganization Proposal includes the merger of eight of the Citadel funds with the Fund into a continuing fund, to be named Citadel Income Fund. The following Citadel funds would be merged into the continuing fund: Citadel Diversified Investment Trust (TSX: CTD.UN), Citadel Hytes Fund (TSX: CHF.UN), Citadel Premium Income Fund (TSX: CPF.UN), Citadel S-1 Income Trust Fund (TSX: SDL.UN), Citadel SMaRT Fund (TSX: CRT.UN), Citadel Stable S-1 Income Fund (TSX: CSR.UN), Equal Weight Plus Fund (TSX: EQW.UN), and Series S-1 Income Fund (TSX: SRC.UN).
"We are pleased to have the support of RiskMetrics," said Wayne Pushka, President of Crown Hill Capital Corporation. "The Reorganization Proposal has also been recommended by the Fund's Independent Review Committee who determined that it's in the best interests of unitholders."
Voting Instructions for Beneficial Unitholders
If your units are held in a brokerage account a proxy has been mailed to
you. Please only vote the proxy as follows:
Canadian Unitholders: Visit www.proxyvote.com and enter your 12 digit
control number or call 1-800-474-7493 or fax your proxy to 905-507-7793 or
toll free at 1-866-623-5305 in order to ensure that it is received before the
U.S. Unitholders: Visit www.proxyvote.com and enter your 12 digit control
number or call 1-800-454-8683.
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
PROXIES MUST BE RECEIVED BY MONDAY, SEPTEMBER 28, 2009, AT 8:30 A.M.
If you have any questions on voting your proxy, please contact Kingsdale
Shareholder Services Inc. at:
Telephone Toll Free: 1-888-518-1558
Local Fax: 416-867-2271 / Toll Free Fax: 1-866-545-5580
Outside North America Call Collect: 1-416-867-2272
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.
SOURCE CROWN HILL FUND
For further information: For further information: Media Contact: Janet Craig, Kingsdale Communications Inc., (416) 867-2315, email@example.com