Noranda Income Fund Unit T.NIF.UN

RE:Sell before AGM?

[Bigbird999]

Looking at today,  I think you might be too late.  Yesterday would have been better... Isn't that always the case?  It seems that the same pre quarterly report jitters that we saw in April have hit today.  Down 12 cents with a couple of big blocks (big for NIF) trading.

Tuesday they will have the AGM and release the Q2 report which should equal or better Q1. May Dividend is payable Monday and stock goes ex dividend for July on Monday.  I would it expect it to jump on Tuesday/Wed the same as it did in May.  It fell to $2.70 the day before the Q1 release (May 12) and jumped to $3.15 May 14.  By May's end it was $3.40.

Of course it will all depend on the tone and language of the AGM and Q2 reports.

Planning to watch this in person on Tuesday..

BB