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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Comment by BuenaSuertaAtodon Mar 26, 2014 4:24pm

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Post# 22372000

RE:Time for performance results

Latest NAV $4.62. You might call that a performance result.

It's not surprising that cutting the dividend in order to preserve the NAV shook out some holders that favoured a high dividend and didn't welcome the change. IMO that led to the very large discount to NAV now - and reducing that discount is another performance result we'd all (except those just starting to accumulate) would like to see. I expect that we'll that as capital gain seekers notice the discount and take advantage of it. GLTA.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle