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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 Hugoooooon Oct 24, 2022 10:25pm
178 Views
Post# 35045621

October 20th...

October 20th...Maybe it is a coincidence but the note released by NIF about obsolete infrastructures was the same day that the CAQ announced new members of the ministry cabinet. Surprise surprise... Pierre Fitzgibbon was named minister of Economy, Innovation and Energy... For NIF it's a good way to put pressure on the government (subvention, tax credit...ect...) since that minister have often support the industry. I think that the Noranda infrastructure were near end of life, but with Fitzgibbon's nominate accelerate the note release...
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