Labrador Iron Ore Royalty Corporation press release

Labrador Iron Ore Royalty Corporation - Cash Dividends for the Third Quarter of 2017 - $1.00 Per Common Share Comprised of a Regular Dividend of $0.25 and a Special Dividend of $0.75

2017-09-15

TSX - Toronto Stock Exchange · Iron · Canada

Canada NewsWire

TORONTO, Sept. 15, 2017

TORONTO, Sept. 15, 2017/CNW/ - The Directors of Labrador Iron Ore Royalty Corporation declared today a regular quarterly cash dividend of $0.25per Common Share. The Directors also declared a special dividend of $0.75per Common Share for total dividends of $1.00per Common Share. All amounts are payable to holders of record at the close of business on September 30, 2017and to be paid on October 25, 2017.

The Directors of LIORC wish to advise shareholders in regard to future dividends that:

The main factors that affect LIORC dividends are the iron ore price, Iron Ore Company of Canadaproduction, and the Canadian dollar exchange rate with the US dollar. The intent of LIORC is to maintain the regular quarterly cash dividend at $0.25/share. Special dividends will be paid at the discretion of the directors, maintaining reasonable cash balances. The special dividends are expected to be largely dependent on dividends from IOC to the IOC shareholders. Since IOC is a private company, the directors of LIORC recognize that there is limited public information available for LIORC shareholders to assess future IOC dividends. However, IOC is managed conservatively and IOC intends to continue to be self-funding in all markets.

SOURCE Labrador Iron Ore Royalty Corporation

View original content: http://www.newswire.ca/en/releases/archive/September2017/15/c2143.html

William H. McNeil, President & Chief Executive Officer, (416) 863-7133, E-mail- investor.relations@labradorironore.comCopyright CNW Group 2017