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About the Reorganization Proposal |
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Results of the Citadel Group of Funds Unitholder Meeting and Next Steps Forward
Read the press release [PDF - 13KB]
The Citadel Fund Administrator is pleased to announce that the Reorganization Resolution was overwhelming approved by Unitholders in the following Citadel Funds: Citadel HYTES Fund, Citadel Premium Fund, Citadel S-1 Income Trust Fund, and Citadel Stable S-1 Income Fund.
All Unitholders will receive the November distribution, which will be payable to unitholders of record on November 30, 2009. The November distribution is expected to be paid on or about December 3rd.
The Effective Date for the merger is expected to be December 2nd. Unitholders who redeemed units are expected to receive the proceeds of such redemptions on December 3, 2009.
The merger will be composed of the following funds which all passed the Reorganization Resolution:
| Crown Hill Fund | MYT.UN |
| Citadel Hytes Fund | CHF.UN |
| Citadel Premium Fund | CPF.UN |
| Citadel S-1 Income Trust Fund | CSR.UN |
| Citadel Stable S-1 Income Fund | CSR.UN |
| Equal Weight Plus Fund | EQW.UN |
The new Citadel Income Fund is expected to begin trading on December 7th, 2009.
We have made an application to the TSX and the new trading symbol for the Citadel Income Fund will be available shortly.
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