Labrador Iron Ore Royalty Corporation press release

Labrador Iron Ore Royalty Corporation - Cash dividends for the third quarter of 2018 - $0.55 per common share comprised of a regular dividend of $0.25 and a special dividend of $0.30

2018-09-14

TSX - Toronto Stock Exchange · Iron · Canada

Canada NewsWire

TORONTO, Sept. 14, 2018

TORONTO, Sept. 14, 2018/CNW/ -The Directors of Labrador Iron Ore Royalty Corporation (the "Corporation") declared today a regular quarterly cash dividend of $0.25per Common Share. The Directors also declared a special dividend of $0.30per Common Share for total dividends of $0.55per Common Share. All amounts are payable to holders of record at the close of business on September 30, 2018and to be paid on October 25, 2018.

Iron Ore Company of Canada Dividend

The Corporation announced that Iron Ore Company of Canada(IOC) has declared a dividend payable on September 27, 2018. The Corporation's portion is U.S. $45,300,000or about CDN. $59 million(CDN. $0.92per share).

LIORC shareholders are advised that the IOC dividend represents a larger payout ratio than in prior periods and reflects a number of considerations including the fact that the risk from labour negotiations has passed. The LIORC Board of Directors has decided to use a portion of the IOC dividend to increase the Corporation's cash position pending the outcome of relevant strategic considerations.

SOURCE Labrador Iron Ore Royalty Corporation

View original content: http://www.newswire.ca/en/releases/archive/September2018/14/c1821.html

William H. McNeil, President & Chief Executive Officer, (416) 863-7133, E-mail- investor.relations@labradorironore.com, 26th Floor, 40 King Street West, Toronto, Ontario M5W 2X6, Tel : (416) 863-7133, Fax : (416) 863-7425Copyright CNW Group 2018