Noranda Income Fund Unit NNDIF

RE:Looking ahead

[ljp0101]

The IDs will all be replaced. NIF and Glencore know this is fait accompli so it's dissapointing they didn't call the meeting sooner. Problem with meeting date is it gives Glencore an option on whether to get year forward premium and TCRC hedges done with the old IDs. And possibly enough time to create mischief with a capital structure related screwing of unitholders, though maybe a bit aggressive as cell house work planning takes time.