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Bullboard - Stock Discussion Forum 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... see more

TSX:CTF.UN - Post Discussion

Citadel Income Fund > Warrants and yield
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Post by mcdok0 on Nov 17, 2013 6:39pm

Warrants and yield

The problem with this fund is that they provide too high of yield and management are not promoting long term investors with 1 warrant for 1 shareholders.  10 percent redemtion should be done at 95% of nav, but not after stupid 1 warrant for 1 shareholders.  How many years do you want to keep losing money is this high yielding investment.....cut yield to 2 cents per month. good luck when management are idiots.
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