Blue Ribbon Reminds Unitholders of Voting Deadline for Special Unitholder Meetings

TORONTO, ONTARIO, Oct 29 (MARKET WIRE) --
Blue Ribbon Fund Management ("Blue Ribbon") reminds unitholders of
Citadel Diversified Investment Trust ("CTD") (TSX: CTD.UN) and Series S-1
Income Fund ("SRC") (TSX: SRC.UN) that all votes for the November 17th
Special Unitholder meeting must be received by Thursday, November 12,
2009, only two weeks from today. Unitholders should have received the
Citadel Joint Information Circular and Voting Instruction Form in the
mail. If you have not received your Voting Instruction Form, please
contact your investment advisor or the Re-organization department at your
investment dealer.

The unitholder meeting is intended to provide unitholders with greater
certainty regarding the future of their funds. Blue Ribbon is paying all
of the costs associated with the unitholder meetings. The proposal to be
voted on is the same as that offered in September 2009, with the
additional benefit of an earlier payout for the 2009 annual redemption.
The September 2009 proposal received support from over 2/3 of investors
as well as investment advisors, analysts of six of the major investment
dealers, RiskMetrics, Canada's leading proxy advisor firm and Gordon
Pape, noted financial author and newsletter editor. The key benefits of
the proposal for unitholders of Citadel Diversified Investment Trust
("CTD") and Series S-1 Income Fund ("SRC") are:

1. Maintaining Bloom Investment Counsel as investment manager. Bloom is an
experienced and respected portfolio manager, specializing in income
oriented investments. His oldest fund, CTD has delivered a compound
total return based on NAV of 11.3% per annum over the past 12 years to
July 31, 2009 (13.2% per annum gross of Management Expense Ratio), while
the S&P Composite Index only provided a return of 6% during the same
period.
2. Lower combined administration and investment management fees of 1.0% of
NAV vs. 1.1% to 1.5% currently paid by the Funds.
3. Annual redemptions at 100% of net asset value less direct costs. If the
reorganization is approved, the first such redemption will be on
November 20th and unitholders will receive their redemption proceeds on
or about November 27th, 2009 - only 10 days after the meeting.
4. High distribution rate
5. Enhanced unitholder protection and governance features
6. Broader investment mandate
7. Improved liquidity and lower costs per unit

Blue Ribbon recommends that unitholders vote FOR Resolutions 1 and 2.

For more information, investors are urged to contact their investment
advisors, visit our websites at www.bromptongroup.com and
www.therightwayforward.com.

Forward-Looking Statements

Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian securities
laws. Forward-looking information may relate to matters disclosed in this
press release and to other matters identified in public filings relating
to the Fund, to the future outlook of the Fund and anticipated events or
results and may include statements regarding the future financial
performance of the Fund. In some cases, forward-looking information can
be identified by terms such as "may", "will", "should", "expect", "plan",
"anticipate", "believe", "intend", "estimate", "predict", "potential",
"continue" or other similar expressions concerning matters that are not
historical facts. Actual results may vary from such forward-looking
information.

Forward-looking statements in this press release include among other
things, the opinion of the portfolio manager. While we consider these
assumptions to be reasonable based on information currently available to
the portfolio manager, they may prove to be incorrect. There are no
assurances that the actual outcomes will match the forward-looking
statements as a result of a number of risks and uncertainties that could
cause actual results to differ materially from what we currently expect.
Other than as required under securities laws, we do not undertake to
update this information at any particular time.

Contacts:
For more information, investors are urged to contact their
investment advisors or the individuals named below:

Mark Caranci
416-642-6004

David Roode
416-642-6008

Lorne Zeiler
416-642-9058

Chris Cullen
416-642-9064

Toll-free: 1-866-642-6001
info@bromptongroup.com

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