NORANDA INCOME FUND $11.85 (Toronto symbol NIF.UN; SI Rating: Speculative) operates the CEZ processing facility in Salaberry-de-Valleyfield, Quebec. The fund currently yields 8.6%. The fund’s exposure to zinc prices and its lack of geographic diversification add to its risk. It would probably stay busy in a time of rising metal prices, but that’s no guarantee of high profits.
Noranda Income Fund is a sell.