Established in 2002, the Noranda Income Fund was an open-ended trust listed on the Toronto Stock Exchange (TSX: NIF.UN). Its primary business was to acquire and hold the assets of the CEZ processing facility, distributing a portion of the facility's cash flow to its unitholders through monthly distributions. The facility, managed by a subsidiary of Glencore Canada Corporation, is the second-largest zinc processing facility in North America. In February 2024, Glencore, which already held a significant stake, acquired all remaining publicly held units of the Fund. Following the acquisition, the Fund was delisted from the TSX and was formally wound up and dissolved on March 27, 2024.

Founded in

Canada