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.