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Noranda Income Fund Receives Unitholder Meeting Requisition25.11.2022 | 3:30 Uhr | GlobeNewswire
TORONTO, Nov. 24, 2022 - Noranda Income Fund (TSX:NIF.UN) (the "Fund") today announced that it received a meeting requisition notice (the "Requisition") dated November 24, 2022 on behalf of the beneficial holders of, in aggregate, greater than 20% of the outstanding Class A Priority Units of the Fund. The Requisition requests that Computershare Trust Company of Canada, as sole trustee of the Fund, call a special meeting of the unitholders of the Fund for the purposes of (a) removing from office the four independent trustees of Noranda Operating Trust (the "Trust"), and (b) if removed, filling the vacancies created by their removal by electing four trustees nominated by the requisitioning unitholders. The Fund is reviewing the Requisition with the assistance of its professional advisors and will respond in due course. In the meantime, there is no need for unitholders of the Fund to take any action. The members of the board of trustees of the Trust, including the four independent trustees, wish to assure unitholders of their unwavering commitment to the best interests of the Fund and its unitholders. Forward-Looking Information Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the "Risk Factors" section of the Fund's Annual Information Form dated March 30, 2022 for the year ended December 31, 2021 and the Fund's other periodic filings available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect the Fund; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this press release are made as of the date of this press release, and the Fund expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. About the Noranda Income Fund
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