Lundin Mining Announces Declaration of Dividend
February 15 2018 - 6:20PM
Lundin Mining Announces Declaration of Dividend
(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 11, 2018, to shareholders
of record at the close of business on March 23, 2018. 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 will be paid in Canadian Dollars (CAD) on April 11,
2018.
Dividends on shares traded on Nasdaq Stockholm
will be paid in Swedish kronor (SEK) in accordance with Euroclear
principles on April 12, 2018. To execute the payment of the
dividend, a temporary administrative cross-border transfer closure
will be applied by Euroclear from and including March 22, 2018 up
to and including March 23, 2018, 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 person’s 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 (March 23,
2018), by Computershare Investor Services Inc. 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, future
dividends. 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.
This is information that Lundin Mining
Corporation is obliged to make public pursuant to the EU Market
Abuse Regulation. The information was submitted for publication,
through the agency of the contact persons set out below on February
15, 2018 at 6:20 p.m. Eastern Time.
http://prlibrary-eu.nasdaq.com/Resource/Download/2fe11786-42be-4709-b27b-2027c58cfff3
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