Citadel Income Fund T.CTF.UN

Alternate Symbol(s): CTFUF

Citadel Income Fund (the Fund) is a Canada-based closed-end investment trust. The Fund’s investment objectives are to provide its Unitholders with a stable stream of monthly distributions and to preserve and potentially enhance the Net Asset Value (NAV) of the Fund. It seeks to achieve these objectives by investing in a diversified portfolio (the Portfolio) of securities (the Portfolio Securities) consisting of equity securities of principally larger capitalization companies traded on a recognized stock exchange, debt securities, with a minimum of 80% of debt security investments in investment grade debt rated BBB or higher, and income funds. The Fund’s portfolio is managed by Vestcap Investment Management Inc. (the Portfolio Advisor). Artemis Investment Management Limited is the investment fund manager of the Fund.

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Citadel Income Fund > Time for performance results

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Post by mcdok0on Mar 26, 2014 8:52am

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Post# 22368376

Time for performance results

Mananagement needs to show results. Discount is large (-29 Plus percent) and Artemis does not show anythin that proves their performance is in line with our. Artemis has to earn their management fee. They need to move this discount and NAV to give us results or fold up the fund. Large volume of shares traded on Mar 25, 2014. 182,000 shares trades hands and BMO was selling, but the shares held at this prices, 3.24. RESULTS is what we need, Artemis needs to show shareholders.

P.S. the one warrant for one share was a disaster, never do this again. Either never do this again or half warrant for one share.

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A junior copper-gold stock trading at a bargain of monumental proportions