A: Labrador Iron Ore Royalty Corp., $25.33, symbol LIF on Toronto (Shares outstanding: 64.0 million; Market cap: $1.6 billion; www.labradorironore.com), holds interests in Iron Ore Company of Canada (IOC), which operates a major iron mine near Labrador City, Newfoundland and Labrador.
Most iron produced globally is used to make steel.
Labrador Iron Ore owns its 15.1% equity in IOC both directly and through its wholly owned subsidiary, Hollinger-Hanna Limited. It also receives a 7% gross overriding royalty (or 7% of the selling price) on all iron ore products that IOC produces from its leased lands and what it sells and ships. On top of that, Labrador Iron Ore gets a $0.10-per-tonne commission on all iron ore that IOC makes, sells and ships.
On July 1, 2010, the firm converted from an income trust to a dividend-paying corporation. The change was in response to Ottawa’s new tax on income-trust distributions, which came into effect on January 1, 2011.
Labrador Iron Ore’s primary holding, IOC, has…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
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