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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 > Someone knows ...
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Comment by Bigbird9999on Dec 18, 2019 9:29pm
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Post# 30470963

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Someone knows ...I forgot to mention that Glencore gets any royalty we get.  2019 Q3 FS shows US $1.1 million distributed = CAD$1.48 million.  Distribution was 3 cents CAD per share so shares which received distribution is is $1.48 million /$0.03 = 50 million shares.  Glencore owns 12.5 million shares and we own 37.7 million

BB
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