Noranda Income Fund Announces a Cash Distribution for the Month of February 2014 of $0.04167 Per Priority Unit
19 Fevereiro 2014 - 9:45AM
Marketwired
Noranda Income Fund Announces a Cash Distribution for the Month of
February 2014 of $0.04167 Per Priority Unit
SALABERRY-DE-VALLEYFIELD, QUEBEC--(Marketwired - Feb 19, 2014) -
Noranda Income Fund (TSX:NIF.UN) announced today that the Board of
Trustees of Noranda Operating Trust has approved a distribution for
the month of February 2014 of $0.04167 per Priority Unit payable on
March 25, 2014 to Priority Unitholders of record as at the close of
business on February 28, 2014.
When not restricted, the Fund's policy is to make monthly
distributions to Unitholders. In determining whether there is a
distribution and the level thereof, the Board of Trustees reviews
periodically the Fund's financial performance, business environment
and prospects, and determines the appropriate level of
reserves.
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.
Michael BooneVice President and Chief Financial Officer,Canadian
Electrolytic Zinc LimitedNoranda Income Fund's
Manager416-775-1561info@norandaincomefund.com
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