An anonymous trustee reports

CITADEL INCOME FUND CONSIDERING VALUE-ENHANCING OPPORTUNITIES, POSTPONES MEETING DATE

Citadel Income Fund's meeting of unitholders currently scheduled for Sept. 11, 2023, will be postponed until Oct. 13, 2023, to allow the trustee of the fund, Artemis Investment Management Ltd., to finalize its review of certain strategic opportunities that may be available to the fund as alternatives to the matters to be considered at the meeting.

Artemis determined to continue the review in order to ensure that all strategic alternatives that have the potential to preserve and enhance unitholder value are explored before unitholders vote on Saba's proposal to, among other things, terminate and windup the fund. The fund remains committed to acting in the best interests of all unitholders and continues to welcome constructive recommendations for strategies that have the potential to create value.

Artemis does not intend to disclose developments with respect to the strategic review process until it has approved a specific transaction or otherwise determined that disclosure is necessary or appropriate.

Advisers

The fund has retained Kingsdale Advisors as its strategic unitholder and communications adviser and Norton Rose Fulbright Canada LLP as its legal adviser.

We seek Safe Harbor.