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.

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Noranda Income Fund Unit > NIF shareholding’s

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Comment by Scotch12on Apr 17, 2022 9:46am

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Post# 34608284

RE:RE:NIF shareholding’s

My understanding is you need 66.67 percent of the shareholder vote for a takeover. There are 37.5 million shares outstanding not held by Glencore. Therefore votes representing 12.5 million shares could effectively block any takeover of NIF even if the "independent" board supported one. This would prevent a low-ball bid. I stand to be corrected but that is my superficial understanding of the Canadian law regarding takeovers in this situation.

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