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Citadel Income Fund Shares Annual Redemption Pricing Update

Citadel Income Fund Shares Annual Redemption Pricing Update

Citadel Income Fund Unveils Annual Redemption Details

Citadel Income Fund (TSX – CTF.UN) is excited to share crucial updates regarding its annual redemption of units. This announcement is significant for investors interested in the Fund, which showcases its commitment to transparency and investor relations.

Redemption Price Announcement

The Fund has established the redemption price per unit to be $3.8905, a figure that reflects careful calculation and consideration of market conditions. This price plays a vital role in helping unitholders make informed decisions about their investments.

Understanding the Pro-Rata Redemption Rate

In applying the redemption rate, investors should note that the pro-rata redemption will amount to 23.44%. For example, for each set of 1,000 units submitted by a unitholder, 234 units will be redeemed. This transparency in the process assists investors as they strategize their financial plans.

Timelines for Redemption Payments

The Fund anticipates that redemption proceeds will be distributed to unitholders who opt for redemption on or before a specified date. This proactive approach ensures that investors are kept informed about when they can expect the funds to be processed.

Contact Information for Further Inquiries

For unitholders seeking more detailed information or support, reaching out is encouraged. Investors can utilize their financial advisors for personalized advice or contact Artemis Investment Management’s Investor Relations directly at (647) 494?0338. Additionally, email inquiries can be sent to info@artemisfunds.ca. For more details, visiting the company’s website is also recommended.

Final Thoughts on Investment Opportunities

The annual redemption process places emphasis on providing liquidity and flexibility for investors within the Citadel Income Fund (TSX: CTF.UN). Understanding these details allows unitholders to align their investment strategies with their personal financial goals. The operations of the Fund aim to foster a prudent approach to managing funds while maintaining a keen awareness of market fluctuations that affect unit pricing.

Frequently Asked Questions

What is the redemption price for Citadel Income Fund units?

The redemption price per unit is set at $3.8905.

What is the pro-rata redemption rate?

The pro-rata redemption rate is 23.44%, meaning that for every 1,000 units submitted, 234 units will be redeemed.

When can unitholders expect their redemption payments?

Unitholders can expect to receive their redemption proceeds on or before a specified date.

Who should I contact for more information about Redemptions?

Unitholders can reach out to their financial advisors or contact Artemis Investment Management’s Investor Relations at (647) 494?0338.

Is there a website for more information on the Citadel Income Fund?

Yes, more details can be found by visiting the company’s website at www.artemisfunds.ca.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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