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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

Citadel Income Fund > New CSA Rules
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Comment by VerusSemperSorson Aug 14, 2014 12:06pm
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Post# 22841949

RE:New CSA Rules

RE:New CSA Rulesyou are quite right - this investment is going up, up, up - and for good reasons. Upcoming redemption, large discount to NAV have been highlighted here. Re. not issuing shares at less than NAV, I didn't find that specific restriction in the new rules link you posted. As a closed fund CTF.UN can not issue new shares directly. So perhaps you were referring to the restriction on issuing warrants, which indirectly creates new shares? I'd expect CTF.UN to go up regardless of the CSA, but some of the new rules ought to be helpful. -GLTA
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