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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

Bullboard Posts
Post by Steelironmanon Mar 07, 2016 12:12pm
132 Views
Post# 24630256

Dividend

DividendNIF is an income trust and as an income trust they are regulated by law to pay a minimum annual dividend based on their performance.  If they do not pay the minimum by their year end, they must pay a bonus.  I used to own VicWest that often paid a bonus at their year end.  They were eventually bought out.
I believe we will eventually see NIF be bought out.
Bullboard Posts