TORONTO, Oct. 23, 2019 /CNW/ - (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 December 18, 2019, to shareholders of record at
the close of business on December 6,
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 December 18, 2019.
Dividends on shares traded on Nasdaq Stockholm will be paid in
Swedish kronor ("SEK") in accordance with Euroclear principles on
December 19, 2019. To execute
the payment of the dividend, a temporary administrative
cross-border transfer closure will be applied by Euroclear from
December 5, 2019 up to and including
December 6, 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 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 December 6, 2019, 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 Brazil,
Chile, Portugal, Sweden and the
United States of America, 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.
The information was submitted for publication, through the
agency of the contact persons set out below on October 23, 2019 at 7:35
p.m. Eastern Time.
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.
SOURCE Lundin Mining Corporation