DENVER, Feb. 17, 2021 /CNW/ - SSR Mining Inc. (NASDAQ:
SSRM) (TSX: SSRM) (ASX: SSR) ("SSR Mining") announces that its
Board of Directors declared a quarterly cash dividend of
US$0.05 per common share, payable on
March 31, 2021 to holders of record
at the close of business on March 5,
2021. This dividend qualifies as an 'eligible dividend' for
Canadian income tax purposes.
The dividend payment applies to holders of SSR Mining's common
shares, which trade on the Toronto Stock Exchange and the Nasdaq
under the symbol SSRM, and to holders of its CHESS Depositary
Interests ("CDIs"), which trade on the Australian Securities
Exchange under the symbol SSR. Each CDI confers a beneficial
interest in one common share. Therefore, CDI holders are entitled
to a dividend calculated on the same basis as the holders of SSR
Mining's common shares.
SSR Mining has sought and been granted a temporary waiver of
certain of the ASX Settlement Operating Rules. Under the authority
of the waiver, the processing of conversions of common shares to
CDIs, or CDIs to common shares, lodged on or after March 4, 2021, will be deferred until after the
record date of March 5, 2021.
The key dates with respect to the dividend are as
follows:
Last date for
processing requests
to convert CDIs into common shares and to convert common shares
into CDIs before the record date for the dividend
|
March 3,
2021
|
|
|
CDIs trade on the ASX
on an ex–dividend basis
|
March 4,
2021
|
|
|
Common shares trade
on the TSX and Nasdaq on an ex–dividend basis
|
March 4,
2021
|
|
|
Record date for the
dividend
|
March 5,
2021
|
|
|
Processing
recommences for requests to convert CDIs into common shares
and to convert common shares into CDIs
|
March 8,
2021
|
|
|
Common share dividend
payment date
|
March 31, 2021
(in Canada and the
United States)
|
|
|
Payment of dividend
to CDI holders
|
April 1, 2021
(in Australia)
|
The dates set out above are based on our current expectations
and may be subject to change. If any of the dates should change,
the revised dates will be announced by press release and will be
available from www.ssrmining.com.
Payments to Canadian shareholders will be made in Canadian
dollars based on the exchange rate on the record date as reported
by the Bank of Canada. Payments to
other shareholders will be made in U.S. dollars. For CDI holders,
payments will be made in Australian dollars, and it is expected to
be based on the prevailing exchange rate sourced from the wholesale
foreign exchange market on or around 5 business days after the
record date.
As the dividend originates from Canada, non–resident withholding tax will be
deducted as required by Canadian tax law. The non–resident
withholding tax is 25% unless a shareholder or CDI holder has
certified that he or she is a resident of a country with a tax
treaty with Canada and such holder
qualifies for a lower rate of withholding tax under such tax
treaty. Shareholders and CDI holders who are residents of countries
with which Canada has a tax treaty
must certify their non–resident status every three years, or when
there is a change in the holder's eligibility for the declared
treaty benefits (and, in the case of a partnership or hybrid
entity, when there is a change in the effective rate of
withholding).
Registered Shareholders
All registered shareholders who are non-residents of
Canada and who are entitled to tax
treaty benefits should complete a Canadian Tax Form NR301 (or Form
NR302 in the case of a partnership with non-resident partners or
Form NR303 in the case of a hybrid entity) and return it prior to
the dividend record date to SSR Mining's Transfer Agent in
Canada, Computershare Investor
Services Inc, at the address below.
All U.S. registered shareholders are also subject to backup
withholding taxes at 24%. To prevent backup withholding taxes,
submit a Form W9 and return it prior to the dividend record date to
SSR Mining's Transfer Agent in Canada, Computershare Investor Services Inc,
at the address below.
Computershare Investor Services Inc.
100 University Ave, 8th Floor
Toronto, Ontario M5J 2Y1
Shareholders who hold their shares through a broker should
contact their broker directly. They do not need to return a form to
Computershare in Canada.
CDI holders
CDI holders who are entitled to tax treaty benefits should
download a Canadian Tax Form NR301 from
www-au.computershare.com/Investor/#Company, and enter SSR into the
search box. Complete the form and return it prior to the dividend
record date to SSR Mining's CDI Registrar in Australia, Computershare Investor Services Pty
Limited, at the following address:
Computershare Investor Services Pty Limited
GPO Box 2106 Melbourne
Victoria 3001 Australia
All CDI holders with a registered address in the U.S. are also
subject to backup withholding taxes at 24%. To prevent backup
withholding taxes, submit a Form W9 and return it prior to the
dividend record date to SSR Mining's CDI Registrar at the address
above.
Applicable shareholders and CDI holders that do not return the
NR301 form by the record date will be subject to the non-treaty
Canadian withholding tax rate of 25%.
For more tax information, please refer to Canada Revenue Agency
(CRA) website.
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.
About SSR Mining
SSR Mining Inc. is a leading, free cash flow focused
intermediate gold company with four producing assets located in the
USA, Turkey, Canada, and Argentina, combined with a global pipeline of
high-quality development and exploration assets in the USA, Turkey,
Mexico, Peru, and Canada. In 2020, the four operating assets
produced approximately 711,000 gold-equivalent ounces. SSR
Mining is listed under the ticker symbol SSRM on the NASDAQ and the
TSX, and SSR on the ASX.
SSR Mining Contacts
F. Edward Farid, Executive Vice
President, Chief Corporate Development Officer
Brian Martin, Director, Corporate
Development & Investor Relations
SSR Mining Inc.
E-Mail: invest@ssrmining.com
Phone: +1 (888) 338-0046 or +1 (604) 689-3846
To receive SSR Mining's news releases by e-mail, please
register using the SSR Mining website at
www.ssrmining.com.
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SOURCE SSR Mining Inc.