TORONTO, ONTARIO--(Marketwired - Sept. 17, 2015) - Citadel Income Fund (TSX:CTF.UN) (the "Fund") is pleased to announce that unitholders will have the opportunity to redeem up to 2,278,486 units of the Fund.

A redemption date has been set for November 27, 2015. Units will be redeemed for an amount per unit equal to net asset value less redemption costs (as contemplated in the Fund's declaration of trust which is available on the Fund's SEDAR profile at If requests for redemptions exceed 2,278,486 units, units will be redeemed on a pro rata basis.

In order to redeem their units, holders must deliver a redemption 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 November 6, 2015. Unitholders wishing to participate in the redemption should contact their brokers if they have any questions about how to provide a redemption notice.

Units tendered for this redemption will still be entitled to receive the October 2015 distribution which, as previously announced, will be paid on November 16, 2015.

On or about December 2, 2015, the Fund will announce the redemption price and the Fund expects to pay the redemption proceeds to redeeming unitholders on or before December 18, 2015.

For further information please contact your financial advisor or visit our website at

Contact Information:

Artemis Investment Management
Investor relations line
(647) 477-4885