Noranda Income Fund Unit NNDIF

nomination to BOD

[rjk1234]

As an earlier post has said, the present 4 independent directors have been at best feckless in standing up for the interests of non-Glencore shareholders. We need at least one independent director who has a strong vested interest in restarting distributions and driving up the share price and has the personality traits needed to make his/her positions prevail. A strong vested interest would of course come from owning or controlling a major block of shares. The most shares held by a current independent director is 35, 000^*, a number completely insufficient to incentivize the kind of representation we want in the face of other pressures or inducements. Could Daniel Lau, holder of about 4.5 million shares^*, be persuaded to either sit on the board or nominate someone to represent his and our interests? Does anyone have contact information for Mr. Lau?
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^* https://www.marketscreener.com/NORANDA-INCOME-FUND-1411009/company/

[JCW]

Mr. Lau works with Qwest Investments and would IMO be an ideal candidate for the BOD. He is also a lawyer , I believe. I have already sent him a note to see if he has an interest in pursuing a seat in order to better represent the NIF shareholders. No answer yet and may not get one..... I will pledge my 23.5k shares gladly but not sure how we proceed frrom here..? How to communicate?

[schocor]

at roughly 50,000 shares held, i will also pledge my support for mr lau or ANY other independant director. i am not happy with the current board. 

[Martincat]

I have already pledged my shares with Eric`s effort to be represented on the BOD....but would repledge if Eric does not lead this latest effort.

[rjk1234]

Per a letter received from one of the directors many months ago, NIF is not governed by the provisions of the Business Corporations Act (Ontario). Rather NIF is an unincorporated open-ended trust established under the laws of the Province of Ontario pursuant to a trust indenture dated April 18, 2002, as amended and restated as of December 12, 2011. I don’t know what this indenture has to say

[rjb1954]

For more information, or to obtain a copy of the early warning report to which this press release relates, please contact Daniel Lau, Advising Representative (Portfolio Manager) for Qwest Investment Fund Management Ltd. at [phone].

[rjk1234]

a letter has been sent;  now let's hope for a positive response!

[Eric1212]

Unfortually, i need to give time to my private compagny at the moment with christmas and the opening of a 2nd business place in Shawinigan. But in January, it's should calm down and i will be able to get in involved again. Regarding Mr Lau, he's a passive investor, i would highly doubt he would get to the board. And regarding the language.. It's depend if you search for someone that

[rjb1954]

I would like to see BigBird or ZincDinc nominated. They strike me as being most knowledgeable about the business CEZ is in. There are a couple of others on this Board who would be good nominations as well. With regards to speaking to employees of CEZ in French, this is also very important and I think there are several on this Board such as Eric who could do a good job at this. My sense is that

[rjb1954]

Was the announcement of the Special Shareholders' Meeting directly the result of your letter?