TORONTO, ONTARIO--(Marketwired - Dec. 2, 2016) - Citadel Income Fund (TSX:CTF.UN) (the "Fund") is pleased to announce that, with respect to the previously announced annual redemption of 2,055,864 million units of the Fund, the redemption price per unit is $4.2129.

The pro-rata redemption rate will be 15.1% (i.e. for every 1,000 units submitted by a unitholder for redemption, 151 units will be redeemed).

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

Contact Information:

Artemis Investment Management
Investor Relations
(647) 477 4885