Citadel Income Fund Reports Earnings Results for the Half Year Ended June 30, 2023
August 28, 2023
Share
Citadel Income Fund reported earnings results for the half year ended June 30, 2023. For the half year, the company reported revenue was CAD 3.36 million compared to negative revenue of CAD 13.73 million a year ago. Net income was CAD 2.59 million compared to net loss of CAD 14.48 million a year ago.
Basic earnings per share from continuing operations was CAD 0.25 compared to basic loss per share from continuing operations of CAD 1.3 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.
CITADEL INCOME FUND 
