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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 > Review this again
View:
Post by mcdok0 on Feb 06, 2014 9:40pm

Review this again

I understand that people are upset on this investment...but the HUGE discount to nav 4.47 jan/31/14 and that they cut distributions to 1 cent from 3 cents.  I have seen that before...it goes down and the TRUE investor come back to the holdings.  All the income widows and orphans run from this and the true investors come in when it hits bottoms.  Are you a true investor or a short term player?

Plus you can redeem 10 of your shares once a year at 95% of nav.  this might not be flashy, but will make the patient investors money at these levels.

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