Here is what Guild say...
'Meet the M-240E Troubadour, a small-body, sunburst addition to Guild’s acoustic archback line.
The M-240E Troubadour is an homage to Guild’s F-20, a small-bodied wonder that became popular during the folk era of the 60’s. This petite guitar is ideal for fingerstyle playing and light strumming. The reduced size is excellent for smaller players or musicians looking for a great sounding travel guitar.
The M-240E Troubadour features a solid Sitka spruce top over an arched mahogany back, a classic wood combination that produces a well-balanced voice with plenty of overtones. Other features include a bone nut and saddle, tortoiseshell pickguard, nickel plated open gear tuners, and a thin, resonate satin polyurethane finish with a vintage sunburst top. Completing the Troubadour’s vintage vibe is the DeArmond Tone Boss, a user-friendly humbucking magnetic soundhole pickup with built-in volume control that is compatible with any amplifier. A deluxe padded Guild gig bag is included.'