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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 > Time for performance results
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Post by mcdok0 on Mar 26, 2014 8:52am

Time for performance results

Mananagement needs to show results. Discount is large (-29 Plus percent) and Artemis does not show anythin that proves their performance is in line with our.  Artemis has to earn their management fee.  They need to move this discount and NAV to give us results or fold up the fund.  Large volume of shares traded on Mar 25, 2014.  182,000 shares trades hands and BMO was selling, but the shares held at this prices, 3.24.   RESULTS is what we need, Artemis needs to show shareholders.

P.S. the one warrant for one share was a disaster, never do this again.  Either never do this again or half warrant for one share.

Comment by jeffjoseyah on Mar 26, 2014 8:56am
This post has been removed in accordance with Community Policy
Comment by BuenaSuertaAtod on Mar 26, 2014 4:24pm
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 ...more  
Citadel Income Fund