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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 RetiredSteelManon Nov 07, 2022 5:49pm
160 Views
Post# 35080305

Independent Shareholders

Independent ShareholdersGlencore holds approx. 25% of the 50.0 M shares.
I believe 1 other corp holds about 10%.
This means independent shareholders own about 65% or about 32.5M shares.

If we pool our resources together for the next AGM (+/- June 2023) we have about 7 or so months to get organized.  We can surely elect a few independent shareholders from our slate and can protect our investments.  We could even elect a slate where our board menbers have control.

I have ~ 10,000 shares & that would be a start.

Come on.  Let;'s use this board to get organized and get Glencore off thier control position costing us all a lot of possible gains.

Regards

Retired Steel Man




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