SALABERRY-DE-VALLEYFIELD, QUÉBEC--(Marketwired - July 28, 2015) - Noranda Income Fund (the "Fund") (TSX:NIF.UN) announced today the voting results from its Annual General Meeting (the "AGM") of unitholders held this morning.
At the AGM, there were 47 holders of Priority Units and Special Fund Units ("Units") of the Fund represented in person or by proxy, holding 21,986,463 Units and representing 43.98% of the Fund's 49,989,975 issued and outstanding Units. The results of the vote for the election of trustees was as follows:
| Class |
Nominee |
Votes For |
% Proxy |
Votes Withheld |
% Proxy |
| Priority and |
Chris Eskdale |
21,219,175 |
96.51% |
767,288 |
3.49% |
| Special |
Yvan Jost |
21,398,242 |
97.32% |
588,221 |
2.68% |
| Units |
Anthony P.L. Lloyd |
21,403,282 |
97.34% |
583,181 |
2.66% |
| |
Jean Pierre Ouellet |
21,568,536 |
98.09% |
417,927 |
1.91% |
| |
François R. Roy |
21,566,086 |
98.08% |
420,377 |
1.92% |
| |
Barry Tissenbaum |
21,549,846 |
98.01% |
436,617 |
1.99% |
| |
Dirk Vollrath |
21,218,146 |
96.50% |
768,317 |
3.50% |
The Board of Trustees of the Operating Trust also announced today the appointment of Jean Pierre Ouellet as Chair of the Board. Mr. Ouellet has been a trustee since 2010.
Noranda Income Fund is an income trust whose units trade on the Toronto Stock Exchange under the symbol "NIF.UN". Noranda Income Fund owns the electrolytic zinc processing facility and ancillary assets (the "Processing Facility") located in Salaberry-de-Valleyfield, Québec. The Processing Facility is the second-largest zinc processing facility in North America and the largest zinc processing facility in eastern North America, where the majority of zinc customers are located. It produces refined zinc metal and various by-products from sourced zinc concentrates. The Processing Facility is operated and managed by Canadian Electrolytic Zinc Limited, a wholly-owned subsidiary of Glencore Canada Corporation.
Further information about Noranda Income Fund can be found at www.norandaincomefund.com.