Noranda Income Fund Completes Internal Reorganization,

Noranda Income Fund Completes Internal Reorganization, Eliminating
In-Kind Distributions 
SALABERRY-DE-VALLEYFIELD, QUEBEC -- (Marketwire) -- 12/10/12 --
Noranda Income Fund (the "Fund") (TSX:NIF.UN) announced today that it
has completed the previously announced internal reorganization, which
eliminates the requirement for in-kind distributions, commencing in
fiscal 2012. 
As a result of this reorganization, it is expected that unitholders
will be taxed only on the income they receive as cash distributions.  
The reorganization will not affect any of the arrangements between
Xstrata Canada Corporation ("Xstrata Canada") and the Fund or the
Noranda Income Limited Partnership (the "Partnership"), including the
subordination of distributions on Xstrata Canada's units of the
Partnership. 
Noranda Income Fund is an income trust whose units trade on the
Toronto Stock Exchange under the symbol "NIF.UN". Noranda Income Fund
was created to acquire Noranda Inc.'s CEZ processing facility and
ancillary assets (the "CEZ processing facility") located in
Salaberry-de-Valleyfield, Quebec. The CEZ processing facility is the
second-largest zinc processing facility in North America and the
largest zinc processing facility in eastern North America, where the
majority of zinc customers are located. It produces refined zinc
metal and various by-products from zinc concentrates purchased from
mining operations. The CEZ processing facility is operated and
managed by Canadian Electrolytic Zinc Limited. 
Further information about Noranda Income Fund can be found at
www.norandaincomefund.com.
Contacts:
Michael Boone
Vice President and Chief Financial Officer
Canadian Electrolytic Zinc Limited
Noranda Income Fund's Manager
416-775-1561
info@norandaincomefund.com
 
 
Press spacebar to pause and continue. Press esc to stop.