Noranda Income Fund (NIF.UN.TO) Buy, Sell or…

Noranda Income Fund (NIF.UN.TO)

1.44

-0.02 (1.37%)

as of Feb 16, 2023, 7:58:05 pm Market Open.

18 watching

BUY

Have been buying when it fell below $12. A very stable income trust. Has a lot of subordination built into it. 25/30% of the fund is owned by Noranda. Very little, if any, exposure to the commodity price. The one knock against it is that it is a one facility type of fund.

TRADE

Noranda, the parent, owns 25%. There is a 15 year supply agreement to supply raw zinc to Noranda, so if Noranda is sold, the income fund is protected.

DON'T BUY

Reserve life is limited. Prefers Noranda Mines.

WEAK BUY

Very efficient plant. Easy transportation. Not bad. If you are bullish on zinc, buy Noranda direct.

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Noranda Income Fund (NIF.UN.TO)