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 > Time for performance results

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Comment by BuenaSuertaAtodon Mar 26, 2014 4:24pm

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Post# 22372000

RE:Time for performance results

Latest NAV $4.62. You might call that a performance result.

It's not surprising that cutting the dividend in order to preserve the NAV shook out some holders that favoured a high dividend and didn't welcome the change. IMO that led to the very large discount to NAV now - and reducing that discount is another performance result we'd all (except those just starting to accumulate) would like to see. I expect that we'll that as capital gain seekers notice the discount and take advantage of it. GLTA.

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