Citadel Income Fund Announces a Special Retraction of Up to 1.5 Million Units
September 18 2013 - 4:15PM
Marketwired
Citadel Income Fund (TSX:CTF.UN) (the "Fund") is pleased to
announce that unitholders will have the opportunity to redeem up to
1.5 million units of the Fund.
A retraction date has been set for November 15, 2013. Units will
be redeemed for an amount per unit equal to net asset value less
retraction costs (as contemplated in the Fund's declaration of
trust which is available on the Fund's SEDAR profile at
www.sedar.com). In the event that requests for redemptions exceed
1.5 million units, units will be redeemed on a pro rata basis.
In order to redeem their units, holders must deliver a
retraction notice to their broker sufficiently in advance to ensure
that such notice is then delivered to the Fund by no later than
5:00 p.m. (Toronto time) on October 25, 2013. Unitholders wishing
to participate in the retraction should contact their brokers if
they have any questions about how to provide a retraction
notice.
Units tendered for this retraction will still be entitled to
receive the October 2013 distribution which, as previously
announced, will be paid on November 15, 2013.
On or about November 18, 2013, the Fund will announce the
retraction price and the Fund expects to pay the retraction
proceeds to redeeming unitholders on or before November 22,
2013.
Following this retraction, the Fund does not anticipate any
further retraction or redemption privileges being available to
unitholders in 2013.
For further information please contact your financial advisor or
visit our website at www.artemisfunds.ca.
Contacts: Artemis Investment Management Investor Relations (647)
477-4886 www.artemisfunds.ca
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