Bullboard - Stock Discussion Forum Noranda Income Fund Unit 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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Post by Deev86911on Feb 28, 2023 1:28pm

Vote outcome

Well, I guess a lot of people that said they were going to vote against actually voting for which is really kind of disappointing because the stock was worth a lot more than what they offered so I don ...more

Comment by Deev86911on Feb 28, 2023 1:12pm

RE:New Press Release - Noranda Income Fund Announces Unitholder Approval of Acquisition by Glencore

I guess a lot of people were saying no, but voted. Yes, this is a disappointment.

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Post by PressReleaseon Feb 28, 2023 1:00pm

New Press Release - Noranda Income Fund Announces Unitholder Approval of Acquisition by Glencore

TORONTO, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Noranda Income Fund (TSX: NIF.UN) (the “Fund”) today announced that the Fund’s unitholders have approved the proposed arrangement (the “Arrangement”) pursuant to which all of the Fund's issued and outstanding priority units would be acquired by Glencore...read article.

Comment by Stocker55on Feb 26, 2023 5:42pm

RE:RE:I suspect it's done and dusted

I am not suggesting they would need to pursuade shareholders who have voted no already to change their mind. I will assume if history is any guide that there will be a lot of shareholders who will not ...more

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Discussion

Comment by JasonBillyon Feb 26, 2023 5:06pm

RE:I suspect it's done and dusted

Hmmm... just a regular shareholder, eh? You said in part: "...If they did not have the votes, they could postpone until they solicited enough support to pass it..." Let's assume ...more

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Discussion

Post by Stocker55on Feb 26, 2023 2:53pm

I suspect it's done and dusted

You will notice it said in the upgrade offer announcement the meeting could be postponed. (February 28, 2023 (the “Meeting”), or at any adjournment or postponement thereof) I take this to mean....... ...more

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Comment by JCWon Feb 26, 2023 10:37am

RE:RE:RE:not necessarily a done deal

Voting has been closed & may even be counted by now. Tomorrow may indicate..... Hope there may be a surprise that keeps this going. Also curious about who is holding the hidden majority !!

Discussion

Comment by Eric1212on Feb 24, 2023 11:32am

RE:RE:not necessarily a done deal

If it's 50 then, we only need 8 337 691 shares + 1 to stop this insanity. The moment everyone vote against. Somes will defitively vote in favor... If 2 M vote in favor then we need somewhere ...more

Discussion

Comment by schocoron Feb 24, 2023 11:01am

RE:not necessarily a done deal

No no no. The locked in unit holders (dissidents) represent 22% of the TOTAL outstanding units. Glencore does not get to vote on the buyout with their SPECIAL units, so 29% (22/75) of the units ...more

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Discussion

Comment by Eric1212on Feb 23, 2023 10:41pm

RE:not necessarily a done deal

As far as i know, it's 66 % of expressed votes. That 22 % mean nothing. Better off saying 8 337 691 shares. So to the vote not passing, it's need 16 675 382 shares that vote no. There is 37 ...more

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Post by rjk1234on Feb 23, 2023 7:48pm

not necessarily a done deal

The locked up unitholders represent about 22% of the priority units or about 17% of the total units of the Fund. Approval of the takeover bid .......... "will ...more

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Discussion

Comment by schocoron Feb 23, 2023 6:55pm

RE:European Smelters?

I dont see it either, BUT, power is cheap(er) in Europe after a winter of not much gas consumption and have yuo seen the European premiums for refined zinc? I am nto sure it is the best use of energy, ...more

Discussion

Comment by schocoron Feb 23, 2023 6:34pm

RE:RE:RE:Voting cut off to log in and change your vote to yes

YOu are of course entited to vote however you want on as many different votes as yuo will get with Noranda; but the key point to me is that the dissident BOD nominees are all pledging their shares in ...more

Discussion

Comment by Eric1212on Feb 23, 2023 6:25pm

RE:RE:Voting cut off to log in and change your vote to yes

I will certainely vote no and i still invite everyones to vote no. I DO NOT currently understand why they decided to join the "Additional Supporting Agreements" as somes of them did buy ...more

Discussion

Comment by schocoron Feb 23, 2023 5:50pm

RE:RE:RE:RE:Voting cut off to log in and change your vote to yes

Respectfully; as a common shareholder myself. Glencore has gotten the dissidents to commit to teh new price and they ahve pledged their shares. That 22% of the 66% that get to vote on the buyout and ...more

Discussion

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