Noranda Income Fund Unit T.NIF.UN

Primary Symbol: 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

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Comment by Armcorpon Nov 21, 2016 4:59pm

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Post# 25492035

RE:RE:RE:world zinc production

well exactly. There is no compelling reason to cut the divvie, so why is TD talking about it? They are advising the independent committee, so they must have inside knowledge about something - the zinc market, what Glencore is demanding, the financial situation Noranda is facing, or ??? Combine this with the high shorting (some 4% of priority shares, according to BB) and something is up. I expect GC will convert its shares to priority next May, but I can't see that being the issue.

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