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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 > Cost of Special review - $7M - Not Including Break Fee

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Post by schocor on Feb 01, 2023 2:40pm

Cost of Special review - $7M - Not Including Break Fee

Another key note from the circular.

The estimated costs of the special review, valuation, lawyers, etc is $7m. This does NOT include the break fee of $2.1M....which I include in MY total as I will be rejecting the Glencore offer .

So $9.1m in special review costs. And What is Glencore offering Shareholders for the ASSET - $53.1m.

Does everybody else see teh problem here?

No to the buyout. YES to new directors.

And YES to every ammendment the 4 independant directors want to push through.

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