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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 > Special meeting
View:
Post by Deev86911 on Dec 07, 2022 8:11am

Special meeting

Has there been any word yet on the special meeting to choose BOD to align with interests of shareholders?
Comment by Eric1212 on Dec 07, 2022 1:01pm
  We are on December 7th, the meeting will most probably be in 2023.
Comment by Bwrbhk on Dec 07, 2022 4:47pm
Noranda had 21 days to respond.  If they do not , then the other shareholder group can call for a meeting to change the board composition.  Will probably be well into 2023.
Comment by Scotch12 on Dec 08, 2022 9:14am
Can you clarify what you mean by if they do not respond.  They indicated in their press release dated November 24, that they will respond.  They also announced a very dramatic change in  their operating policy.  They, "wish to assure unitholders of their unwavering commitment to the best interests of the fund and its unitholders." https://www.stockwatch.com/News ...more  
Comment by Bwrbhk on Dec 08, 2022 11:52am
What I should have said is if the company does not call a meeting, then the disitent shareholders can.
Noranda Income Fund Unit
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