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 > Collapse fund

<< Previous

Bullboard Posts

Next >>

Comment by Intellectualon Mar 11, 2014 2:16pm

160 Views

Post# 22309126

RE:RE:RE:RE:Collapse fund

Thanks H&Co,

It's very comforting to know that chances of a further issuance of warrants is remote given their new path. That has always been a continuing fear as it is so detrimental to unitholder value. I am substantially invested in this fund and am willing to wait for a narrowing of the discount to NAV.

There is plenty of selling today - not sure exactly what's up. The Canadian banks, which comprise a significant portion of the fund's portfolio, are flying high today, so it's quite a conundrum.

If only management would make use of the Normal Course Issuer Bid, it might inspire some much-needed confidence.

<< Previous

Bullboard Posts

Next >>

Michael Gentile tops up stake in Astra Exploration