TORONTO, March 4, 2021 /CNW/ - The Directors of Labrador
Iron Ore Royalty Corporation (the "Corporation") (TSX: LIF)
declared today a quarterly cash dividend of $1.00 per Common Share. The dividend is payable
to holders of record at the close of business on March 31, 2021 and is to be paid on April 26, 2021.
Iron Ore Company of Canada Dividend
The Corporation announced that Iron Ore Company of Canada (IOC) has declared a dividend payable
on March 25, 2021. The
Corporation's portion is U.S. $15,100,000 or about CDN $19.1 million.
About Labrador Iron Ore Royalty Corporation
The Corporation holds a 15.10% equity interest in IOC directly
and through its wholly-owned subsidiary, Hollinger-Hanna Limited,
and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore
products produced, sold and shipped by IOC.
SOURCE Labrador Iron Ore Royalty Corporation