Citadel Income Fund Reports Earnings Results for the Full Year Ended December 31, 2020
March 30, 2021 at 03:02 pm
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Citadel Income Fund announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was CAD 5.037 million compared to CAD 6.237 million a year ago. Net income was CAD 3.395 million compared to CAD 4.436 million a year ago.
Citadel Income Fund (the Fund) is a Canada-based closed-end investment trust. The Fundâs 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. It seeks to achieve these objectives by investing in a diversified portfolio (the Portfolio) of securities (the Portfolio Securities) consisting of equity securities of principally larger capitalization companies traded on a recognized stock exchange, debt securities, with a minimum of 80% of debt security investments in investment grade debt rated BBB or higher, and income funds. The Fundâs portfolio is managed by Vestcap Investment Management Inc. (the Portfolio Advisor). Artemis Investment Management Limited is the investment fund manager of the Fund.