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Tag "noranda-income-fund"

Noranda Income Fund Completes Internal Reorganization, Eliminating In-Kind Distributions 0

SALABERRY-DE-VALLEYFIELD, QUEBEC — (Marketwire) — 12/10/12 — Noranda Income Fund (the "Fund") (TSX: NIF.UN) announced today that it has completed the previously announced internal reorganization, which eliminates the requirement for in-kind distributions, commencing in fiscal 2012.As a result of this reorganization, it is expected that unitholders will be taxed only on the income they receive as cash distributions.The reorganization will not affect any of the arrangements between

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Noranda Income Fund Announces A Cash Distribution for the Month of November 2012 of $0.04167 Per Priority Unit 0

SALABERRY-DE-VALLEYFIELD, QUEBEC — (Marketwire) — 11/20/12 — 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 November 2012 of $0.04167 per priority unit (each, a "Priority Unit") payable on December 27, 2012 to Priority Unitholders of record as at the close of business on November 30, 2012.There is no assurance that monthly distributions will continue in the future, nor is there an

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Noranda Income Fund Reports Second Quarter Earnings Before Income Taxes of $11.9 Million 0

SALABERRY-DE-VALLEYFIELD, QUEBEC — (Marketwire) — 07/23/12 — Noranda Income Fund (the "Fund") (TSX: NIF.UN) reported strong second quarter earnings before income taxes, supported by the continued high zinc premiums and sulphuric acid netbacks.Q2 2012 and Subsequent Highlights:Financial and Operating Highlights (Second quarter 2012 compared to second quarter 2011)Earnings before income taxes were $11.9 million in the second quarter of 2012, compared to $10.4 million in the same qua

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Noranda Income Fund Reports First Quarter Cash Provided by Operating Activities of $18.4 Million and Declares May Cash Distribution 0

SALABERRY-DE-VALLEYFIELD, QUEBEC — (Marketwire) — 05/14/12 — Noranda Income Fund (the "Fund") (TSX: NIF.UN) reported solid first quarter cash provided by operating activities before net changes in non-cash working capital items, supported by the highest premiums since the first quarter of 2008 and near-record sulphuric acid netbacks. Adjusted EBITDA(1) increased to $29 million from $22.7 million in the same quarter a year ago.Q1 2012 and Subsequent Highlights:Come and join us at t

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Noranda Income Fund Reports Fourth Quarter Cash Provided by Operating Activities of $18 Million 0

SALABERRY-DE-VALLEYFIELD, QUEBEC — (Marketwire) — 02/14/12 — Noranda Income Fund (the "Fund") (TSX: NIF.UN)Q4 2011 and Subsequent Highlights:In a separate press release also issued today, the Fund declared a cash distribution for February 2012, and provided an update on the determination of distributions.Noranda Income Fund (the "Fund") (TSX: NIF.UN) reported earnings before finance costs and income taxes of $2.4 million in the fourth quarter of 2011, compared to $11.1 m

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Noranda Income Fund Reports Second Quarter Earnings Attributable to Unitholders of $6.0 Million 0

SALABERRY-DE-VALLEYFIELD, QUEBEC — (Marketwire) — 08/04/11 — Noranda Income Fund (the "Fund") (TSX: NIF.UN)Q2 2011 and Subsequent Highlights:Noranda Income Fund (the "Fund") (TSX: NIF.UN) reported earnings attributable to unitholders of $6.0 million for the second quarter of 2011, compared to $11.4 million in the same quarter a year ago. The $5.4 million decrease was mainly due to the current income tax expense in 2011, a stronger Canadian dollar and the impact of the ch

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