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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Comment by galvanizedon Dec 13, 2019 1:46am

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RE:RE:RE:RE:RE:RE:Someone knows ...

BB, and the rest of you,please don't expect a reinstatment of a monthly distribution. It's likely to be a one a year thing, from now on. Without a long term contract, earnings are going to be highly erractic going forward, so a monthly distribution makes no sense what so ever. I expect the company will retain all of their earnings during the year in order to minimize the borrowing cost on their asset backed credit line and then distribute only taxable income to share holders at year end. Suggest you all get used to waiting for the distribution annoucement before starting your Christmas shopping.

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