Citadel Income Fund Announces Approval of Special Redemption of Units at Special Meeting of Unitholders and Redemption Date

TORONTO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Citadel Income Fund (TSX – CTF.UN) (the “Fund”) is pleased to announce that, at the special meeting of the unitholders of the Fund (the “Unitholders”) held today, the Unitholders approved an extraordinary resolution authorizing the Fund to redeem an aggregate of not less than 7,186,900 units of the Fund (the “Units”) at an amount per Unit equal to the net asset value per Unit less redemption costs equal to 4.5% of the net asset value per Unit plus applicable taxes (the “Special Redemption”).

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