Brief: Saba Capital Reaches Agreement With Citadel Income Fund

Citadel Income Fund

14/09/2023 15:26

Sept 14 (Reuters) - Saba Capital Management, L.P. :
    * SABA CAPITAL REACHES AGREEMENT WITH CITADEL INCOME FUND
    * SABA CAPITAL MANAGEMENT: AS OF TODAY, HOLDS 2.17 MILLION
UNITS,
REPRESENTING APPROXIMATELY 21.19% OF CITADEL'S ISSUED AND
OUTSTANDING UNITS
    * SABA CAPITAL MANAGEMENT: UNDER TERMS OF AGREEMENT, CITADEL
INCOME FUND WILL COMMENCE A REDEMPTION OFFER OF FUND'S UNITS
    * SABA CAPITAL: AGREED TO WITHDRAW ITS REQUISITIONS
PREVIOUSLY
SUBMITTED TO CITADEL INCOME FUND AND TO CUSTOMARY RELEASES AND
STANDSTILL PROVISIONS
    * SABA CAPITAL- AFTER GIVING EFFECT TO FUND CONVERSION,
CITADEL TO
NO LONGER BE INVESTMENT FUND, WILL OPERATE AS NON-INVESTMENT
FUND REPORTING ISSUER

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