Press release from Marketwire
Noranda Income Fund Announces a Cash Distribution for the Month of July 2013 of $0.04167 Per Priority Unit
Monday, July 22, 2013
Noranda Income Fund Announces a Cash Distribution for the Month of July 2013 of $0.04167 Per Priority Unit07:45 EDT Monday, July 22, 2013
SALABERRY-DE-VALLEYFIELD, QUÉBEC--(Marketwired - July 22, 2013) - 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 July 2013 of $0.04167 per Priority Unit payable on August 26, 2013 to Priority Unitholders of record as at the close of business on July 31, 2013.
There is no assurance that monthly distributions will continue in the future, nor is there any assurance that, if they do continue, the level or frequency of such monthly distributions will not vary from the level of the most recent monthly cash distributions.
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, Québec. 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 Xstrata Canada Corporation.
Further information about Noranda Income Fund can be found at www.norandaincomefund.com .
FOR FURTHER INFORMATION PLEASE CONTACT:
Vice President and Chief Financial Officer,
Canadian Electrolytic Zinc Limited
Noranda Income Fund's Manager