Details of Citadel Income Fund Special Retraction Price

    




 TORONTO, Aug. 20, 2012 /CNW/ - Crown Hill Capital Corporation, the  manager and trustee (the "Manager") of Citadel Income Fund (the "Fund")  announces a special retraction price (the "Special Retraction Price")  of $4.29 for units (the "Units") of the Fund redeemed on August 17,  2012 (the "Special Retraction Date") pursuant to the special  retraction. This special retraction was approved by the unitholders  (the "Unitholders") of the Fund at a special meeting of Unitholders  held on August 7, 2012. 

 The Special Retraction Price is equal to 100% of the net asset value per  Unit at the close of business on the Special Retraction Date less  retraction costs which include a fee per Unit of 5% of the net asset  value per Unit on the Special Retraction Date plus any applicable  taxes. The net asset value per Unit at the close of business on August  17, 2012 was $4.55.  The Special Retraction Price will be paid on  August 22, 2012. 

  Certain statements contained in this news release constitute  forward-looking information within the meaning of Canadian securities  laws. Forward-looking information may relate to matters disclosed in this  press release and to other matters identified in public filings  relating to the Fund, to the future outlook of the Fund and anticipated events or  results and may include statements regarding the future financial  performance of the Fund. In some cases, forward-looking information can be  identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential",  "continue" or other similar expressions concerning matters that are not  historical facts. Actual results may vary from such forward-looking  information. 

Citadel Income Fund


CONTACT:  Investor Relations department at 416.361.9673 or toll-free at1.877.261.9674. 


    

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