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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 Mar 26, 2014 8:52am
226 Views
Post# 22368376

Time for performance results

Time for performance resultsMananagement needs to show results. Discount is large (-29 Plus percent) and Artemis does not show anythin that proves their performance is in line with our.  Artemis has to earn their management fee.  They need to move this discount and NAV to give us results or fold up the fund.  Large volume of shares traded on Mar 25, 2014.  182,000 shares trades hands and BMO was selling, but the shares held at this prices, 3.24.   RESULTS is what we need, Artemis needs to show shareholders.

P.S. the one warrant for one share was a disaster, never do this again.  Either never do this again or half warrant for one share.

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