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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

Comment by Finalsayon Mar 19, 2020 4:31pm
110 Views
Post# 30828079

RE:RE:RE:RE:New terms

RE:RE:RE:RE:New terms Also thinking this could be good. This negotiation was only for TCs correct? Wouldn't floating TCs be good considering the TC levels? Obviously aware this whole COVID-19 thing completely changes the game, but just wanted to make sure I am reading this correcetly. The 50% floating 50% fixed applies to the selling of the zinc back to glencore and the concentrate purchase price? or is the purchase price for the concentrate now floating too?
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