Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by indoubtgetouton Aug 22, 2021 11:38am
319 Views
Post# 33746091

Objective is to Pay Cash Distributions

Objective is to Pay Cash DistributionsNIF.UN has not paid distributions for years.   The interium CEO, Paul Einarson needs to revist their corporate objective with their "so called board of directors".   This is not a real corporation, this is a company that Glencore should privatize as it is being run for the sole interest of Glencore and not for non-Glencore shareholders.   It is a shame that Canadians are being treated this way by Glencore - Swiss based company that really does not give two hoots about Canada.   It is a crying shame.  

This is their current corporate mandate:

"The primary objective of the Fund is to provide stable, monthly cash distributions to its unitholders. Canadian Electrolytic Zinc Limited (the "Manager"), a wholly-owned subsidiary of Glencore Canada, aims to achieve the Fund’s objectives by maximizing production, increasing by-products and recoveries and continuing to develop premium products, as well as continuing to minimize unit costs."

They have not paid distributions for years.  Furthermore, NIF.UN is down from $13 fifteen years ago to now 90 cents!!!   What crying shame!!   Maybe Paul and board should change the corporate objective to"   The primary objective of the Fund is to never pay distributions or operate NIF.UN in the best interests of non-Glencore shareholders.   It seeks to such as munch value out of NIF.UN for Glencore and anyone who invested in NIF.UN is a FOOL!"
<< Previous
Bullboard Posts
Next >>