Investment Objectives

The Citadel Income Fund is a diversified, conservatively managed closed end fund which trades on the TSX. The investment objective of the fund is to provide high levels of monthly cash distributions while preserving and potentially enhancing the Net Asset Value of the fund for Unitholders. The fund has a broad investment mandate and is able to invest in a variety of income producing investments including: income trusts, dividend paying common stocks, preferred shares, government and corporate bonds.

The Fund is managed by Jarislowsky, Fraser Canada’s largest independent money manager and a leading authority on matters of shareholder rights and corporate governance. Their investment philosophy is based upon growing capital for clients in a low risk manner, using the proven principles of fundamental investing.

Citadel Income Fund was created by a merger of six closed end funds:

• Crown Hill Fund
• Citadel Premium Fund
• Citadel Stable S-1 Fund
• Citadel HYTES Fund
• Citadel S-1 Income Fund
• Equal Weight Plus Fund