LABRADOR IRON ORE ROYALTY CORPORATION - IRON ORE COMPANY OF CANADA DIVIDEND
26 Maggio 2023 - 10:40PM
PR Newswire (Canada)
TORONTO, May 26, 2023
/CNW/ - Labrador Iron Ore Royalty Corporation ("LIORC") announced
that Iron Ore Company of Canada
("IOC"), in which LIORC holds a 15.1% equity interest, has declared
a dividend to be paid in June. LIORC's portion of the IOC
dividend is U.S. $15.1 million, or
about CDN. $20.6 million. For further
clarity, this announcement refers to the declaration of an IOC
dividend to be received by LIORC and is NOT the declaration by
LIORC of a dividend to be paid to LIORC shareholders. LIORC
typically declares a second quarter dividend in June based on the
total amount of cash expected to be received in the quarter,
including the IOC dividend.
About Labrador Iron Ore Royalty
Corporation
The Corporation holds a 15.10% equity interest in IOC directly
and through its wholly-owned subsidiary, Hollinger-Hanna Limited,
and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore
products produced, sold and shipped by IOC.
SOURCE Labrador Iron Ore Royalty Corporation
Copyright 2023 Canada NewsWire
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