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Share: TORONTO, April 29, 2021 (GLOBE NEWSWIRE) Noranda Income Fund (TSX:NIF) (the Fund ) today reported its financial results for the first quarter ended March 31, 2021. The Fund also provided an update on the terms under which zinc concentrate will be purchased and zinc metal will be sold for the period of May 1, 2021, to April 30, 2022. Except where otherwise indicated, all amounts in this press release are expressed in US dollars. First Quarter 2021 Highlights (compared to same period in 2020) Earnings before income taxes of $11.0 million compared to $11.5 million Adjusted EBITDA Zinc metal production of 66,345 tonnes compared to 67,425 tonnes Zinc metal sales of 66,277 tonnes compared to 68,059 tonnes ....
Publicly traded asset managers’ revenues and profit margins were up in the fourth quarter, but most gains are going to a small group of firms that have been able to capitalize on trends like investors’ appetite for alternatives, according to an analysis from strategy consultant Casey Quirk, which is owned by Deloitte. “At the beginning of 2020, we would have expected to see more margin and revenue pressure than we’ve seen. But it’s been a positive year for the industry writ large,” said Amanda Walters, a principal at Casey Quirk, in an interview. “The dispersion of winners and losers, however, is more pronounced and accelerating.” ....