Lundin Mining Announces Declaration of Dividend
February 14 2019 - 5:55PM
(TSX: LUN; Nasdaq Stockholm: LUMI) Lundin
Mining Corporation (“Lundin Mining” or the “Company”)
today announced that its Board of Directors has declared a dividend
of CAD$0.03 per share, payable on April 10, 2019, to shareholders
of record at the close of business on March 22, 2019. This
dividend qualifies as an 'eligible dividend' for Canadian income
tax purposes. The declaration, timing, amount and payment of future
dividends remain at the discretion of the Board of Directors.
Dividends on shares traded on the Toronto Stock
Exchange (“TSX”) will be paid in Canadian Dollars (“CAD”) on April
10, 2019.
Dividends on shares traded on Nasdaq Stockholm
will be paid in Swedish kronor (“SEK”) in accordance with Euroclear
principles on or about April 11, 2019. To execute the payment
of the dividend, a temporary administrative cross-border transfer
closure will be applied by Euroclear from March 21, 2019 up to and
including March 22, 2019, during which period shares of the Company
cannot be transferred between TSX and Nasdaq Stockholm.
Notice to all Non-Canadian Resident
Shareholders
In 2012, the Canada Revenue Agency (“CRA”)
changed how the tax withholding rate applied to dividend payments
made to non-residents is determined. The CRA now requires a
certification of residency from each shareholder so that the
preferred tax treaty rate can be applied where applicable to
persons resident in countries which have a tax treaty with
Canada.
Shares traded on Toronto Stock Exchange
Form NR301 will be mailed to any new Registered
non-resident shareholders as at the dividend record date of March
22, 2019, by Computershare Investor Services Inc.
(“Computershare”). In order to receive the preferred treaty rate,
you must complete and mail back the form as soon as possible.
Failure to supply a completed NR301 form will result in
Computershare withholding the statutory 25% withholding tax rate on
any payments to Registered non-resident shareholders. You can also
download the form at
https://cda.computershare.com/Content/4f677775-5e6c-4e64-a695-a5785771fec3.
Instructions on how to correctly complete the NR301 are on
the back of the form. Shareholders who hold their shares through a
broker should contact their broker directly. They do not need to
return a form to Computershare. If you have already completed Form
NR301, you do not need to complete a new form.
Shares traded on Nasdaq Stockholm
Dividend payments will be made net of 25%
Canadian withholding tax and any other deemed applicable country of
residence tax. Holders who are entitled to reclaim taxes applicable
under tax treaties should contact the applicable tax authorities,
directly. Shareholders who hold their shares through a nominee
should contact their nominee.
About Lundin Mining
Lundin Mining is a diversified Canadian base
metals mining company with operations in Chile, the United States
of America, Portugal and Sweden, primarily producing copper, nickel
and zinc. In addition, Lundin Mining holds an indirect 24% equity
stake in the Freeport Cobalt Oy business, which includes a cobalt
refinery located in Kokkola, Finland.
The content contained herein is not tax
advice. Do not use or otherwise rely upon any of the content
without first seeking independent tax advice.
Cautionary Statement in Forward-Looking
Information
Certain of the statements made and information
contained herein, other than statements of historical fact and
historical information, is “forward-looking information” within the
meaning of applicable Canadian securities laws. Such statements
include, but are not limited to, payment of the dividend and
declaration of future dividends, and timing and amount
thereof. Words such as “if”, “will be”, “may” and “schedule”,
or variations of these terms or similar terminology or statements
that certain actions, events or results “could” occur or be
achieved are intended to identify such forward-looking information.
Although the Company believes that the expectations reflected in
the forward-looking information contained herein are reasonable,
these statements by their nature involve risks and uncertainties,
and are not guarantees of future performance. Forward-looking
information is based on a number of assumptions, and subject to a
variety of risks and uncertainties which could cause actual events
or results to differ from those reflected in the forward-looking
statements. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in
forward-looking statements. Accordingly, readers should not to
place undue reliance on forward-looking statements. The Company
disclaims any intention or obligation to update or revise any
forward‐looking statements or to explain any material difference
between subsequent actual events and such forward‐looking
statements, except to the extent required by applicable law.
The information was submitted for publication,
through the agency of the contact persons set out below on February
14, 2019 at 5:50 p.m. Eastern Time.
For further information, please contact:Mark
Turner, Director, Business Valuations and Investor Relations:
+1 416 342 5565Brandon Throop, Manager, Investor Relations:
+1 416 342 5583Robert Eriksson, Investor Relations Sweden:
+46 8 545 015 50
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