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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Noranda Income Fund Unit

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Comment by HomerAndCompanyon Jul 10, 2015 11:11am

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Post# 23911460

RE:RE:RE:Noranda Income Fund Ordinary Unit Holder's (Glencore Canada)

In summary then, to see if I've got it right: Some time in 2017 NIF.un is no longer an income trust, or at least not with the contracts it currently operates under. All bets are off then re. new contracts, the dividend, or even ongoing operations as a zinc processor. Investors must be prepared for worst case scenarios in 2017, such as liquidation value, which could be nothing more than the land value (land that may require environmental remediation).

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