Results of the Citadel Group of Funds Unitholder Meeting and Next Steps
As part of the Reorganization Proposal, the four Citadel Funds will be merged with Equal Weight Plus Fund (EQW.UN, TSX) and the Crown Hill Fund (MYT.UN, TSX) (the four Citadel Funds, Equal Weight Plus and the Crown Hill Fund collectively the "Funds") into the continuing fund that will be renamed the Citadel Income Fund.
The effective date for the merger of the Funds is expected to be on or about
"We are very pleased that an overwhelming majority of unitholders approved the Reorganization Proposal for the four Citadel Funds," said
Unitholders of the Crown Hill Fund and Equal Weight Plus Fund who redeemed units pursuant to the special redemption privilege in connection with the merger are expected to receive the proceeds of such redemptions on or about
The Reorganization resolution for the Citadel SMaRT Fund (CRT.UN, TSX) was not approved. Detailed voting results of the Meetings were filed on www.sedar.com.
This release contains forward-looking statements. Forward-looking statements are given only as at the date of this release and Crown Hill Capital Corporation, Citadel Fund Administrator and the Funds disclaim 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.
For further information: For further information: Media Contact: Janet Craig, Kingsdale Communications Inc., (416) 867-2315, [email protected]
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