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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.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit
Bullboard Posts
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Comment by HomerAndCompanyon Nov 26, 2015 11:43am
126 Views
Post# 24328207

RE:Tax-Loss selling

RE:Tax-Loss sellingPardon the hindsight, but selling earlier than tax-loss season is usually better as you typically sell at a higher price by beating the tax-loss rush & you start the clock ticking earlier for the 30 day cap gain lockout. Dec 24, 2015 is tax-loss deadline. So even if you sold now & bought back at the earliest opportunity you'd be buying into what is likely (IMO) to be a post tax-loss season/Santa Claus rally in NIF at higher prices. Commodities are rallying today. If that trend continues, then you should be able to get a higher price by hanging onto your NIF until nearer the deadline.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities