Noranda Income Fund Unit NNDIF

Metals & Mining Industrial Metals & Minerals

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.

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Noranda Income Fund Unit > Better days ahead

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Comment by Scotch12on Jan 09, 2023 4:23pm

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RE:Better days ahead

It states in the PR, "In March, 2022, the independent committee engaged Paradigm Capital as financial adviser to the independent committee and the fund in connection with the potential privatization transaction. " Why were shareholders not told about this by CEZ management (Glencore), the independent board or by Paradigm? Clearly, this was material. The share price was around 1.50 then.

https://www.stockwatch.com/News/Item/Z-C!NIF-3350778/C/NIF

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