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 > management expense ratio of 9.27%

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Comment by mcdok0on May 29, 2014 8:19am

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RE:management expense ratio of 9.27%

32% turnover was due to the new management not having the same investment philosophy as the old managers....relax.. I am impressed that the nav is going up steadily now.

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