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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

Comment by Scotch12on Feb 28, 2023 3:10pm
114 Views
Post# 35310558

RE:Sale

RE:SaleThe deal is done there is nothing further to consider or do.  In my experience we will soon get the agreed amount (1.98/share) in our various trading accounts.    It sounds like it will all be finalized shortly after a perfunctory court hearing on March 2.

I  was suprised by the margin of approval in the voting.  As others have mentioned most investors don't bother to vote.   The dissident block was likely the deciding factor.   I thought they would have held out for more.  They were given more favourable treatment and information than the rest of us which seems highly improper.  I made money and learned a lesson to never deal with a organization like Glencore ever again.

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