Citadel Income Fund Announces Resolution with Saba Capital and Update to the Special Redemption and Fund

TORONTO, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Citadel Income Fund (TSX – CTF.UN) (the “Fund”) today announces that it, along with the trustee and manager of the Fund, Artemis Investment Management Limited (“Artemis”), after lengthy discussions and negotiations, has entered into a resolution agreement (the “Resolution Agreement”) with Saba Capital Management, L.P. (“Saba”) pursuant to which Saba has agreed to withdraw its previously announced requisition for a special meeting of Unitholders to, among other things, replace Artemis as the Fund’s manager and liquidate the Fund.

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