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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 Sep 23, 2020 8:50am
173 Views
Post# 31602890

RE:RE:RBN investment in Noranda

RE:RE:RBN investment in NorandaInteresting. Not sure I've seen anything definitive suggesting that Bloom was selling, but the fact that Blue Ribbon is managed by Bloom makes this all the more likely imo. It also makes more sense why prices didnt drop any further while they unloaded their shares, since they were the buyer on the other side. I wonder what the incentive of such a move would be... I guess there could be a lot of different reasons why they would do this and difficult to pin down one with any conviction. Definitely an interesting take; thanks for posting that info BB.
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