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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

Post by mcdok0on Nov 17, 2013 6:39pm
243 Views
Post# 21914242

Warrants and yield

Warrants and yield
The problem with this fund is that they provide too high of yield and management are not promoting long term investors with 1 warrant for 1 shareholders.  10 percent redemtion should be done at 95% of nav, but not after stupid 1 warrant for 1 shareholders.  How many years do you want to keep losing money is this high yielding investment.....cut yield to 2 cents per month. good luck when management are idiots.
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