Sunday, December 8, 2019

 


Noranda Income Fund
(TSX: NIF-UN.TO) Add to Watchlist
$2.32
+0.02 (+0.87%)
as of Dec 6, 2019

Noranda Income Fund Annual General Meeting Voting Results

Noranda Income Fund (the "Fund") (TSX:NIF-UN.TO) announced today the voting results from its Annual General Meeting (the "AGM") of unitholders held this morning.

At the AGM, there were 34 holders of Priority Units and Special Fund Units ("Units") of the Fund represented in person or by proxy, holding 21,820,349 Units and representing 43.65% 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        Ken Klassen 19,946,832 94.68%    1,120,507      5.32%
Special
Units
Anthony P.L. Lloyd  20,322,746  96.47%     744,593   3.53%
Jean Pierre Ouellet 20,329,019  96.50%     738,320   3.50%
Francois R. Roy     20,337,899  96.54%     729,440   3.46%
Eva Shaw            19,936,638  94.63%     1,130,701 5.37%
Barry Tissenbaum    20,198,636  95.88%     868,703   4.12%
Dirk Vollrath       20,026,125  95.06%     1,041,214 4.94%

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.

For further information, please contact:

Paul Einarson

Chief Financial Officer, Canadian Electrolytic Zinc Limited

Noranda Income Fund's Manager

514-745-9380

info@norandaincomefund.com

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