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NIF_u – Noranda Income Fund

Compliant

★★☆☆☆

Noranda Income Fund is Shariah compliant. The company’s financials pass two standards and fail in three.

$43,902,695

Market cap

79.61%

Revenue Growth

BUY

Analysts' Rating

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Recommendation Rating

2

1

2

3

4

5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 1.98

Low: 1.98

High: 1.98

Total Analysts: 0

Company Profile

Noranda Income Fund (the Fund) is a Canada-based open-ended income trust. The Fund’s objective is to make monthly distributions to Unitholders. The Fund owns the electrolytic zinc processing facility and ancillary assets (the Processing Facility) located in Salaberry-de-Valleyfield, Quebec, approximately 60 kilometers southwest of Montreal, on an 820-acre site situated on the St. Lawrence Seaway. The Processing Facility produces refined zinc metal and various by-products from zinc concentrate produced by mining operations. The Processing Facility produces 268,387 tons of zinc metals. The Processing Facility has produced two types of zinc powders. The powder that is consumed in the alkaline battery market and powder that is used in the production of bleaching agent for the paper industry. The Processing Facility’s zinc products are sold for use in the automotive, construction, electronics, steel and the battery industries. Canadian Electrolytic Zinc Limited is the manager of the Fund.

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