Sprott Inc. Announces Dividend Increase of 8.7% and Declares Third Quarter 2020 Dividend
November 12 2020 - 01:30PM
Sprott Inc. (“Sprott” or the “Company”)
(NYSE/TSX:
SII) announced today that its Board of Directors has
declared a third quarter 2020 dividend of US$0.25 per common share,
an 8.7% increase over the previous quarter’s dividend, payable on
December 8, 2020 to shareholders of record at the close of business
on November 23, 2020.
Registered shareholders who are residents of
Canada as reflected in the Company’s shareholders register, as well
as beneficial holders (i.e., shareholders who hold their common
shares through a broker or other intermediary) whose intermediary
is a participant in CDS Clearing and Depositary Services Inc. or
its nominee, CDS & Co. (“CDS”), will receive their dividend in
Canadian dollars, calculated based on the spot price exchange rate
on December 8, 2020. Registered shareholders resident outside of
Canada as reflected in Sprott’s shareholders register, including
the United States, as well as beneficial holders whose intermediary
is a participant in The Depository Trust Company or its nominee,
Cede & Co., will receive their dividend in U.S. dollars.
However, beneficial holders whose intermediary is a participant in
CDS, may elect to change the currency of their dividend payments to
U.S. dollars and can contact their broker for more details.
Registered shareholders, other than CDS, who are residents of
Canada and wish to receive their dividend in U.S. dollars should
make arrangements to deposit their common shares with CDS, and make
a currency election, prior to November 23, 2020.
The dividend is designated as an eligible
dividend for Canadian income tax purposes.
About Sprott
Sprott is an alternative asset manager and a
global leader in precious metal investments. Through its
subsidiaries in Canada, the US and Asia, Sprott is dedicated to
providing investors with specialized investment strategies that
include Exchange Listed Products, Managed Equities, Lending, and
Brokerage. Sprott’s common shares are listed on the New York Stock
Exchange under the symbol (NYSE: SII) and the Toronto Stock
Exchange under the symbol (TSX: SII). For more information, please
visit www.sprott.com.
Investor contact information:
Glen Williams Managing Director (416) 943-4394
gwilliams@sprott.com
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