Brompton Administration Limited

Citadel Diversified Investment Trust
TSX : CTD.UN

Citadel Diversified Investment Trust
Citadel HYTES Fund
TSX : CHF.UN

Citadel HYTES Fund
Citadel S-1 Income Trust Fund
TSX : SDI.UN

Citadel S-1 Income Trust 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

September 03, 2009 16:23 ET

Brompton and Bloom to Issue a Response to Citadel Management Circular

TORONTO, ONTARIO--(Marketwire - Sept. 3, 2009) - Brompton Administration Limited ("Brompton") and Bloom Investment Counsel, Inc. ("Bloom") have reviewed the Citadel Funds Joint Management Information Circular, dated August 27, 2009 (the "Administrator's Circular"), and have identified a number of serious deficiencies with Crown Hill's proposal to merge the Citadel Funds into the Crown Hill Fund. We will address these issues in a Circular to be released shortly with regards to the following funds:



- Citadel Diversified Investment Trust (TSX:CTD.UN)
- Citadel HYTES Fund (TSX:CHF.UN)
- Citadel S-1 Income Trust Fund (TSX:SDL.UN)
- Series S-1 Income Fund (TSX:SRC.UN)
- Citadel Premium Income Fund (TSX:CPF.UN)


Citadel Funds unitholders are urged to NOT vote the blue proxy included with the mailing of the Administrator's Circular at this time. Unitholders need the opportunity to review our forthcoming Circular so that they can compare the two proposals.



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

Mark Caranci - 416-642-6004 Lorne Zeiler - 416-642-9058

David Roode - 416-642-6008 Chris Cullen - 416-642-9064

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

Contact Information

  • Mark Caranci
    416-642-6004
    or
    Lorne Zeiler
    416-642-9058
    or
    David Roode
    416-642-6008
    or
    Chris Cullen
    416-642-9064
    or
    Toll-free: 1-866-642-6001
    Email: info@bromptongroup.com