1. Citadel Income Fund allows redemption of 284,514 units starting November 27, 2025. 2. Units redeemable at net asset value minus 5% redemption costs. 3. Holders must submit redemption notices by November 6, 2025. 4. Redeeming units receive October 2025 distribution on November 17, 2025. 5. Annual redemption price to be announced on December 5, 2025.
The opportunity for unitholders to redeem units suggests strong investor interest, which may stabilize or increase the unit price. Previous redemption efforts in similar funds usually correlate with a positive market response, especially if the fund maintains a robust portfolio.
The redemption opportunity may attract investor interest in TSX:CTF-UN, enhancing liquidity. This is crucial for unitholders contemplating their redemption options, reinforcing the fund's perceived value.
The redemption window closes in early November; effects are likely to manifest quickly as investors react. Historically, redemption announcements can lead to immediate price movements in related funds.
TORONTO, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Citadel Income Fund (TSX – CTF.UN) (the "Fund") is pleased to announce that unitholders will have the opportunity to redeem up to 284,514 units (the "Units") of the Fund.
The annual redemption date has been set for November 27, 2025. Units will be redeemed for an amount per Unit equal to net asset value less redemption costs equal to 5% of net asset value per Unit (as contemplated in the Fund's declaration of trust which is available on the Fund's SEDAR+ profile at www.sedarplus.ca). If requests for redemptions exceed 284,514 Units, Units will be redeemed on a pro rata basis.
In order to redeem their Units, holders must deliver a redemption notice to their broker sufficiently in advance to ensure that such notice is then delivered to the Fund's transfer agent by no later than 5:00 p.m. (Toronto time) on November 6, 2025. Unitholders wishing to participate in the redemption should contact their brokers if they have any questions about how to provide a redemption notice.
Units tendered for this redemption will be entitled to receive the October 2025 distribution which, as previously announced, will be paid on November 17, 2025.
On or about December 5, 2025, the Fund will announce the annual redemption price and the Fund expects to pay the redemption proceeds to redeeming Unitholders on or before December 18, 2025.
For further information, please contact Artemis Investment Management Limited, the manager of the Fund, at (647) 494-0338 or email at info@artemisfunds.ca or visit our website at www.artemisfunds.ca.
