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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 > Special Meetings - Buyout (Feb28) - New Directors (Mar28)

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Post by schocor on Jan 09, 2023 12:14pm

Special Meetings - Buyout (Feb28) - New Directors (Mar28)

If their attempt to bully us out of this comapny, Glencore and their hand picked "independant" directors have set a Feb 28th special meeting date for consideration of the cash buyout offer.

Intersting how they set the special meeting to consider electing new directors March 28th - in advance of this buyout meeting I might add.

I believe the offer will be raised before the Feb 28th meeting; but probably not by enough. I will not consider voting Glencore's deal for it unless we see $2.25 as an offer from Glencore. And its only at that point that I will consider it.

I hope and expect to hear more from the miniority shareholders. Hopefully Glencore is not green-washing them with private, under the table side deals to get them to use their 22% to accept this steal from Glencore.

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