Citadel Income Fund (TSX:CTF.UN) (the "Fund") today announced the appointment of
Vestcap Investment Management Inc. ("Vestcap") as investment manager of the Fund
effective April 25, 2013, replacing Jarislowky, Fraser Limited.


Founded in 1988, Vestcap is a Toronto-based portfolio management firm whose
principals have extensive experience in managing both equity and fixed income
portfolios with a particular focus on large-capitalization North American
securities and balanced portfolios. No changes to the Fund's investment
objectives or strategies are anticipated.


For further information please contact your financial advisor.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Artemis Investment Management
Investor Relations Line
(647) 477-4886
www.artemisfunds.ca
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