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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

Post by rjk1234on Nov 17, 2022 1:37pm
227 Views
Post# 35107679

nomination to BOD

nomination to BODAs an earlier post has said, the present 4 independent directors have been at best feckless in standing up for the interests of non-Glencore shareholders. We need at least one independent director who has a strong vested interest in restarting distributions and driving up the share price and has the personality traits needed to make his/her positions prevail. A strong vested interest would of course come from owning or controlling a major block of shares. The most shares held by a current independent director is 35, 000*, a number completely insufficient to incentivize the kind of representation we want in the face of other pressures or inducements. Could Daniel Lau, holder of about 4.5 million shares*, be persuaded to either sit on the board or nominate someone to represent his and our interests? Does anyone have contact information for Mr. Lau?
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* https://www.marketscreener.com/NORANDA-INCOME-FUND-1411009/company/
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