Noranda Income Fund (the Fund) is a Canada-based, open-ended trust. The Fund was created to acquire Xstrata Canada Corporation’s (Xstrata Canada) CEZinc Processing Facility (the Processing Facility), located in Salaberry-de-Valleyfield, Quebec. Xstrata Canada is a wholly owned subsidiary of Xstrata plc. The Fund distributes the cash generated by the Processing Facility, to its unitholders. The primary objective of the Fund is to provide monthly cash distributions to its unitholders. During the year ended December 31, 2007, the Fund processed approximately 514,000 tons of zinc concentrate. Canadian Electrolytic Zinc Limited acts as the manager of the Fund.
(Source: ARS)
