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Citadel Income Fund T.CTF.UN

Alternate Symbol(s):  CTFUF

Citadel Income Fund (the Trust) is a Canada-based closed-end investment trust. The Trust’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. The Trust invests in a diversified portfolio of securities with the focus on income generation consisting of equity securities, of principally larger capitalization companies traded on a recognized stock exchange; debt securities with a focus on yield enhancement, with a minimum of 80% of debt securities invested in investment grade debt rated BBB or higher, and income funds. The Fund's portfolio is managed by Vestcap Investment Management Inc. Artemis Investment Management Limited is the investment fund manager of the Fund.


TSX:CTF.UN - Post by User

Citadel Income Fund
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Comment by Intellectualon Feb 29, 2012 8:41pm
202 Views
Post# 19608373

RE: What's wrong with CTF?

RE: What's wrong with CTF?

I do not want to be misleading, so let me disclose that I have purchased units despite my frustrations as the 9% yield is very attractive. So long as markets don't crash and management can maintain the NAV, I believe this is good value. However, I am fervently hoping that a significant number of warrants will expire unexercised, otherwise this may end up being a trade rather than an investment.

My greatest fear is that management will once again attempt to issue more warrants in the future, especially if the current offering ends up a failure. 

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