Noranda Income Fund (NNDIF) Stock Price, News & Analysis

Company Overview

The Noranda Income Fund (OTCMKTS:NNDIF) is a closed-end, unincorporated mutual fund trust established under Canadian law to hold preferred shares of Noranda Operating Company. The fund’s sole investment objective is to provide unitholders with a stable stream of income derived from the dividends paid on its interest in the preferred equity of Noranda Operating Company.

Noranda Operating Company runs integrated aluminum smelting facilities complemented by downstream manufacturing operations, producing aluminum products for sectors such as automotive, packaging and construction. By focusing exclusively on preferred share investments, the fund does not assume direct operational responsibilities, instead relying on the dividend yield and financial performance of Noranda’s operating assets.

The fund distributes substantially all cash receipts from its preferred share holdings to unitholders, generally on a monthly basis. A trustee and fund administrator oversee the trust’s accounting, distribution and regulatory compliance functions, ensuring timely financial reporting and distribution processing. This structure offers income-focused investors a way to participate in the aluminum sector’s dividend potential without the complexities of managing operational enterprises.

Key Stats

• Today's Range: $1.42 to $1.42
• 50-Day Range: $1.42 to $1.42
• 52-Week Range: $0.28 to $1.48
• Volume: N/A
• Average Volume: 132,894 shs
• Market Capitalization: N/A
• P/E Ratio: 8.57
• Dividend Yield: 35.21%
• Price Target: N/A
• Consensus Rating: N/A

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Miscellaneous
• Industry: Investment Trusts & Mutual Funds
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:NNDIF
• CIK: N/A
• Web: www.norandaincomefund.com
• Phone: (416) 775-1561
• Fax: N/A
• Employees: 538
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: 8.57
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A