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Bullboard - Stock Discussion Forum 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.

OTCPK:NNDIF - Post Discussion

Noranda Income Fund Unit > Distributions
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Post by RetiredSteelMan on Mar 10, 2021 11:55am

Distributions

Does someone know if the NIF payouts are from capital and reduce the taxable costs of the investment when you sell the shares.

Thanks
Comment by Bwrbhk on Mar 10, 2021 12:20pm
NIF's dividends are not from capital and are treated as ordinary dividends for tax purposes
Noranda Income Fund Unit
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