Noranda Income Fund
Toronto
About Noranda Income Fund
Noranda Income Fund ("Fund") is an income trust whose units trade on the TSX under the symbol "NIF.UN". The 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. Zinc concentrate is supplied to the Processing Facility by Glencore Canada Corporation ("Glencore Canada") under an agreement that will last until 2017. The Fund is paid a processing fee for refining the zinc, and it earns additional revenue through zinc metal premiums, by-product credits and metal recovery gains. The Fund’s primary objective is to provide stable, monthly distributions.
Company Facts
- Operating status: Active
- IPO status: Public
- Employees: 501 – 1,000
- Total funding: $190.0M
- Funding stage: IPO
- Last round: Post-IPO Equity (Jul 2020)
- Ticker: tsx:NIF.UN
- Website: norandaincomefund.com
- Phone: 416-775-1561
Industries & Categories
Financial Services, Insurance
Social Profiles
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