SALABERRY-DE-VALLEYFIELD, QUEBEC -- (Marketwired) -- 04/21/14 -- 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 April 2014 of $0.04167 per Priority Unit payable on May 26, 2014 to Priority Unitholders of record as at the close of business on April 30, 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, Quebec. 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.
Vice President and Chief Financial Officer
Canadian Electrolytic Zinc Limited
Noranda Income Fund's Manager
|Federated Enhanced Treasury Income Fund Announces Estimated Sources of Distribution|
|Cushing® Royalty & Income Fund Announces Quarterly Distribution|
|Boston Pizza Royalties Income Fund Announces April 2014 Distribution (2014/5/8)|
|Virtus Global Multi-Sector Income Fund Announces Results of Annual Meeting and Adoption of Options Strategy|
|Australian REIT Income Fund Announces Normal Course Issuer Bid (2014/5/2)|
|Dividend and Income Fund Announces Results of Annual Meeting|
|Cohen & Steers Announces U.S. Open-End Mutual Fund Flows and Assets Under Management for the Month and Four Months ended April 2014|
|Western Refining Logistics Announces Quarterly Cash Distribution|
|Permian Basin Royalty Trust Announces May Cash Distribution|
|EV Energy Partners Announces Quarterly Cash Distribution|