Citadel Income Fund Increases Monthly Dividend Per Unit to $0.02
Citadel Income Fund's Exciting Dividend Update
In an encouraging announcement, the Citadel Income Fund (TSX – CTF.UN) is set to increase its monthly distributions. Unitholders can look forward to an increase from $0.01 per unit to $0.02 per unit, effective from the record date of September 30. This update is significant for those who are invested in the fund and looking to maximize their financial returns.
Details of the Enhanced Distributions
The increase in distributions is scheduled to be reflected in the payments declared on multiple upcoming dates. Here’s what unitholders need to know regarding the new payout structure:
Upcoming Payments Schedule
The following dates outline when unitholders can expect the payments to be made, along with the respective record dates:
- Record Date: September 30, 2024 — Payment Date: October 15, 2024 — Amount: $0.02
- Record Date: October 31, 2024 — Payment Date: November 15, 2024 — Amount: $0.02
- Record Date: November 30, 2024 — Payment Date: December 16, 2024 — Amount: $0.02
- Record Date: December 31, 2024 — Payment Date: January 15, 2025 — Amount: $0.02
Commitment to Unitholders
Citadel Income Fund remains dedicated to enhancing value for its unitholders. This distribution increase is a reflection of the Fund's ongoing performance and financial stability, ensuring that investors are rewarded for their trust and investment. The management believes that consistent increases in distributions signify a strong position in the market.
Future Redemption Information
Unitholders can expect more updates concerning the Fund’s annual redemption plans in the upcoming weeks. This information will provide insight into how unitholders can take advantage of their investments in a timely manner, adhering to the guidelines laid out in the Fund’s declaration of trust.
Contact Information for the Fund
For any inquiries or further details about the expansion of dividends or the Fund's operations, unitholders and interested parties can reach out to Artemis Investment Management Limited, who manages the Fund. They can be contacted at (647) 494-0338 or via email at info@artemisfunds.ca. For more information, please feel free to explore the Fund's website.
Frequently Asked Questions
1. What is the new dividend amount for Citadel Income Fund?
The new dividend amount is increased to $0.02 per unit.
2. When will the new dividend rate take effect?
The new rate takes effect starting from the record date of September 30, 2024.
3. How often does Citadel Income Fund pay dividends?
The Fund pays dividends on a monthly basis, providing regular returns to its unitholders.
4. How can I contact the fund managers for more information?
You can contact Artemis Investment Management Limited at (647) 494-0338 or email info@artemisfunds.ca.
5. Where can I find more details about the Fund's performance?
Additional information can be found on the Fund's official website, offering insights into operations and performance metrics.
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