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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: NNDIF

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Comment by ZincDink1on Feb 24, 2020 1:47am
87 Views
Post# 30724256

RE:RE:Divvie

RE:RE:DivvieGC doesn't own the mines or the smelters...it owns 30 %. Interesting what you can do with 30 % though.

I think it will keep getting harder to hide how much money they skim off for the parent and they will have to return to a monthly type dividend.

You are probably right that it won't be anything to write home about. Can they give less than a 1 cent per month? Guess we will find out.

Heck, I would be pleased if they at least acknowledged that the plant value was closer to 500 M$ instead of the 100 M$ they are getting away with
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