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.