Net Asset Value

The Net Asset Value per share (NAV) of the Citadel Value Fund is published on the first and third Tuesday of each month. The next NAV publication will be on Tuesday February 7th, 2012.

The NAV per share as of January 16th, 2012 was: EUR 128.35

Source: European Fund Administration

The end-of-year NAV estimates are:

December 31st, 2011: 125.70

December 31st, 2010: 134.97

December 31st, 2009: 119.52

December 31st, 2008:   87.76

December 31st, 2007: 136.76

December 31st, 2006: 137.40

December 31st, 2005: 125.20

December 31st, 2004: 111.78

December 31st, 2003:   95.41

December 31st, 2002:   81.58