Blue Ribbon Fund Management Ltd.

Blue Ribbon Fund Management Ltd.
Citadel HYTES Fund
TSX : CHF.UN

Citadel HYTES Fund
Series S-1 Income Fund
TSX : SRC.UN

Series S-1 Income Fund
Citadel Premium Income Fund
TSX : CPF.UN

Citadel Premium Income Fund
Citadel S-1 Income Trust Fund
TSX : SDL.UN

Citadel S-1 Income Trust Fund
Citadel Diversified Investment Trust
TSX : CTD.UN

Citadel Diversified Investment Trust

September 30, 2009 13:04 ET

Blue Ribbon Thanks Unitholders for their Support

TORONTO, ONTARIO--(Marketwire - Sept. 30, 2009) - Blue Ribbon Fund Management ("Blue Ribbon") announces that a majority of unitholders voted in favour of the Blue Ribbon Proposal at the Special Meeting of Unitholders held today for the following funds with the corresponding percentages:

Citadel HYTES Fund (TSX:CHF.UN)70.9%
Series S-1 Income Fund (TSX:SRC.UN)73.6%
Citadel Premium Income Fund (TSX:CPF.UN)58.1%
Citadel S-1 Income Trust Fund (TSX:SDL.UN)74.4%
Citadel Diversified Investment Trust (TSX:CTD.UN)68.0%

Notwithstanding the strong show of support demonstrated by unitholders in favour of the Blue Ribbon Proposal none of the resolutions achieved the very high threshold of 75% in order for the resolutions to be passed.

"Clearly unitholders expressed a strong desire to support the Blue Ribbon proposal for these funds however, the high threshold of 75% made it difficult to achieve," commented Mark Caranci, President of Blue Ribbon Fund Management Ltd.

Brompton and Bloom would like to take the opportunity to thank investors, investment advisors and the analysts for their support and appreciation for our efforts on their behalf over the past several months.

Contact Information

  • For more information, investors are urged to contact their
    investment advisors or the individuals named below:

    or

    Mark Caranci
    416-642-6004

    or

    David Roode
    416-642-6008

    or

    Lorne Zeiler
    416-642-9058

    or

    Chris Cullen
    416-642-9064

    or

    Toll-free: 1-866-642-6001
    info@bromptongroup.com