Noranda Income Fund

Noranda Income Fund

Noranda Income Fund

Overview
Date Founded

2002

Headquarters

First Canadian Place,100 King Street West,Suite 6900,Toronto, ON M5X 1E3

Type of Company

Private

Employees (Worldwide)

574

Industries

Trusts & Funds
Investment Services & Portfolio Management

Company Description

Noranda Income Fund operates as a closed-end investment fund/investment trust. The company primary objective is to provide stable and monthly distributions. Its processing facility is operated and managed by its manager, Canadian Electrolytic Zinc Ltd. The company was founded on May 3, 2002 and is headquartered in Toronto, Canada.

Executives & Employees

President & Chief Executive Officer of the Company & Manager

Board of Directors

Former Vice President, Chief Legal Officer & Corporate Secretary at Canadian National Railways

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Recent Transactions
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CIBC World Markets, Inc. purchases Noranda Income Fund

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Noranda Income Fund issued Class A Units

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Noranda Income Fund issued Class A Priority Units

Transaction Advisors
Manager

Advised onNoranda Income Fund issued Class A Priority Units

Underwriter

Advised onNoranda Income Fund issued Class A Priority Units

Auditor

Advised onNoranda Income Fund issued Class A Priority Units

Clients

Glencore Plc produces and markets metal, mineral & energy and agricultural commodities. Its products include copper, zinc, lead, nickel, ferroalloys, aluminum, iron ore, coal, and oil. The company operates through following segments; Metals and Minerals, Energy Products and Agriculture Products. The Metals and Minerals segment produces zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt and iron ore. The Energy Products segment provides crude oil, oil products, steam coal and metallurgical coal. The Agriculture Products segment produces wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar. Glencore was founded in 1974 and is headquartered in Baar, Switzerland.

Key Stats and Financials As of 2017
Market Capitalization
$59.5M
Total Enterprise Value
$197M
Earnings Per Share
$-0.53
Revenue
$878M
EBITDAMargin
0.37%
Three Year Compounded Annual Growth Rate Of Revenue
7.2%
Five Year Compounded Annual Growth Rate Of Revenue
8.11%
EBITDA
$3.26M
Total Debt
$136M
Net Profit
$-26.5M
Enterprise Value Sales
0.22x
Enterprise Value EBITDAOperating
60.57x
TEVNet Income
-7.45x
Debt TEV
0.69x
Total Equity
$196M
Suppliers
Glencore Plc Coal | St. Helier, JE

Glencore Plc produces and markets metal, mineral & energy and agricultural commodities. Its products include copper, zinc, lead, nickel, ferroalloys, aluminum, iron ore, coal, and oil. The company operates through following segments; Metals and Minerals, Energy Products and Agriculture Products. The Metals and Minerals segment produces zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt and iron ore. The Energy Products segment provides crude oil, oil products, steam coal and metallurgical coal. The Agriculture Products segment produces wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar. Glencore was founded in 1974 and is headquartered in Baar, Switzerland.