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 > Fund objectives

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Post by riskymoneyon Apr 28, 2014 9:46am

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Post# 22497322

Fund objectives

I would like to know how the investment manager can unilaterally change the funds objective. This is an income fund. It suppose to pay high monthly income. If you are worried about capital preservation. I suggest we get new fund managers immediately. Perhaps the OSC would be interested in helping?

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