IRON ORE COMPANY OF CANADA DIVIDEND
03 September 2022 - 7:17AM
PR Newswire (Canada)
TORONTO, Sept. 2,
2022 /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 September.
LIORC's portion of the IOC dividend is U.S. $25.7 million, or
about CDN. $33.6 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 third quarter dividend later in September 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 2022 Canada NewsWire
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