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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 > Someone knows ...
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Comment by iwasgoldon Dec 16, 2019 11:55am
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Post# 30459536

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:Someone knows ...I dont believe Glencore receive any distributions...they have a different class of shares still....and since the terms of the contract they have with Noranda is secret, we really dont know much about anything except what they choose to tell us. It seems to me they try to do things differently every year. We may not hear about any distribution until after Noranda's year end, for example. Doing it now strikes me as weird, since it is neither calendar nor financial year end. It is like they want to "snow" us by attaching it to Christmas and the feel good factor so we won't ask too many awkward questions. Glencore and by extension Noranda simply cannot be trusted.
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