Results of the Citadel Income Fund Special Meeting of Unitholders
and Next Steps
CTF.UN
TORONTO,
Dec. 18, 2012 /CNW/ - Crown Hill
Capital Corporation, the manager and trustee of Citadel Income Fund
(the "Fund") announces that holders of units of the Fund (the
"Unitholders") at a special meeting of Unitholders held on
December 18, 2012 approved the
extraordinary resolution in Schedule "A" to the management
information circular of the Fund dated November 15, 2012. The extraordinary
resolution changes the manager and trustee of the Fund to Artemis
Investment Management Limited ("Artemis") and provides for a
special retraction right of an aggregate of up to 1,000,000 (one
million) units of the Fund for an amount expected to be 100% of net
asset value per unit (the "Special Retraction Price") on
January 18, 2013.
The amount of the Special Retraction Price and
the payment date will be announced by Artemis in a subsequent press
release.
Certain statements contained in this news
release constitute forward-looking information within the meaning
of Canadian securities laws.
Forward-looking information may relate to matters disclosed in
this press release and to other matters identified in public
filings relating to the
Fund, to the future outlook of the Fund and anticipated events
or results and may include statements regarding the future
financial performance
of the Fund. In some cases, forward-looking information can be
identified by terms such as "may", "will", "should", "expect",
"plan",
"anticipate", "believe", "intend", "estimate", "predict",
"potential", "continue" or other similar expressions concerning
matters that are not
historical facts. Actual results may vary from such
forward-looking information.
SOURCE Citadel Income Fund