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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 schocoron Jan 09, 2023 12:09pm
247 Views
Post# 35211295

Fair value Determination - From Offer Letters

Fair value Determination - From Offer Letters Below is the fair value range as determined by "accuracy Canada". Now I will encourage EVERYONE to look at accuracy Canada's website; however why are they laying at the LOW end of this range? 

Although I disacree with the range of $1.24 to $1.94, at least pay towards the higher end of this range. 

I will be voting NO

  • Independent Valuation and Fairness Opinion: Accuracy Canada provided an independent valuation to the Independent Committee, which determined that, as at December 31, 2022, based upon and subject to the assumptions, limitations and qualifications contained therein, the fair market value of the priority units ranged from C$1.24 to C$1.94 per unit. Accuracy Canada also provided the Independent Committee a fairness opinion to the effect that, as at January 8, 2023, the consideration to be received by the priority unitholders under the Transaction is fair, from a financial point of view, to such holders, subject to the limitations, qualifications, assumptions and other matters set forth therein.

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