Citadel Income Fund Reports Earnings Results for the Full Year Ended December 31, 2022
March 30, 2023 at 04:41 pm EDT
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Citadel Income Fund reported earnings results for the full year ended December 31, 2022. For the full year, the company reported negative revenue was CAD 12.2 million compared to revenue of CAD 10.66 million a year ago. Net loss was CAD 13.62 million compared to net income of CAD 8.92 million a year ago.
Basic loss per share from continuing operations was CAD 1.23 compared to basic earnings per share from continuing operations of CAD 0.73 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 
