Noranda Income Fund Unit T.NIF.UN

Primary Symbol: 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 > I am Guessing Higher Offer - Any Guess as to New Bid

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Comment by rjb1954on Feb 14, 2023 1:04pm

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Post# 35285557

RE:RE:RE:RE:I am Guessing Higher Offer - Any Guess as to New Bid

If GC owned 12.5MM Priority Units, they would have effective control. If only 5MM Units have traded since the announcement, and if they were all bought by GC, then GC wouldn't be quite halfway to where they would need to be for full control.

The results of the vote, and more specifically, the turnout will tell all of us (and GC) how many Units would give GC effective control.

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