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Noranda Income Fund Unit 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

Post by Finalsayon Jun 30, 2020 1:21pm
198 Views
Post# 31208654

Extract Capital

Extract CapitalComparing the 2019 and 2020 Management Information Circular it appears that Extra Capital added 1,248,200 shares over the last year. That's a 31.6% increase in their position. Polar Asset Management was not listed as a principal holder in the most recent circular. Data from marketscreener (https://www.marketscreener.com/NORANDA-INCOME-FUND-1411009/company/) has share holdings for them of 2,996,765, whereas in last years circular they held 4,038,973, 1,042,208 shares less (representing 25.80% of their position). I know absolutely nothing about either of these firms, and it appears their position adjustments almost offset each other. Doesn't seem like theres much to take away from that.
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