Unitholders of Four Citadel Funds Approve the Reorganization Proposal
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) 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
"We are very pleased that an overwhelming majority of unitholders approved the Reorganization Proposal for the four Citadel Funds," said
All unitholders of the four Citadel Funds will receive the November distribution, which will be payable to unitholders of record on
As part of the Reorganization Resolution, unitholders of Citadel HYTES Fund approved the removal of the current trustee and the appointment of Valiant Trust Company as the replacement trustee. The appointment will be effective
The Reorganization resolution for the Citadel SMaRT Fund (CRT.UN, TSX) was not approved. Detailed voting results of the Meetings will be promptly 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 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.
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For further information: Unitholder and Advisors Contact: Citadel Funds Administrator, Email: [email protected], Phone: 1-877-261-9674; Media Contact: Camilla Bartosiewicz, Kingsdale Communications Inc., Email: [email protected], Phone: (416) 867-2316
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