Canadian Premium Select Income Fund Announces Unitholder Approval of Merger

OAKVILLE, ONTARIO--(Marketwired - Oct. 18, 2013) - Canadian Premium Select Income Fund (TSX:HCS.UN) (the "Fund") announces that its unitholders have approved conversion (the "Conversion") of the Fund into an open-end mutual fund by way of a merger (the "Merger") with Harvest Canadian Income & Growth Fund.

Harvest Portfolios Group Inc., the Fund's manager, expects that the Conversion by way of the Merger will be implemented on November 22, 2013. Upon implementation of the Conversion by way of the Merger, unitholders of the Fund will receive Class R units (Front End Sales Charge Option), on a tax-deferred basis of Harvest Canadian Income & Growth Fund.

For more information on the Conversion by way of the Merger and the funds managed by Harvest Portfolios Group Inc., please visit our website at www.harvestportfolios.com.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Fund. The forward-looking statements are not historical facts but reflect the Fund's and the Manager's, current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, market factors. Although the Fund and the Manager believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Fund and the Manager undertake no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.