Noranda Income Fund Unit T.NIF.UN

Primary Symbol: NNDIF

Metals & Mining Industrial Metals & Minerals

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.

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Noranda Income Fund Unit > WTF is wrong here?

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Comment by Northforce13on Nov 13, 2020 2:39am

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Post# 31893211

RE:RE:RE:RE:RE:WTF is wrong here?

Sell the plant to Teck Resources

Sell the plant to Korea Zinc

Trafigura, etc.

Sell the plant to whoever, I don't care, there's got to be some company out there that would want to buy it.

As far as I know, Shareholders owning >5% have the legal right to call a share holder vote

Vote on a resolution to solicit offers to purchase the plant.
1) an independent investment bank solicits bids. NOT the "trust"ees.
2) After X period (60 days?) to solicit bids, all bids are presented to shareholders, and NOT kept "secret" or "confidential" by the trustees.
3) The share holders decide on whether to accept the highest offer, NOT the trustees

You can't trust the "trust"ees. They don't own any shares of significance and their interests are not aligned with shareholders who have skin in the game.

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