Stock Exchange Listing TSX - LIF


2014 Annual Report
Labrador Iron Ore Royalty Corporation (“LIORC”) is a Canadian corporation resulting from the conversion of Labrador Iron Ore Royalty Income Fund (the “Fund”) under an Arrangement effective July 1, 2010. It holds a 15.10% equity interest in Iron Ore Company of Canada (“IOC”) directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited (Hollinger-Hanna), 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.

Investment Highlights

Year ended December 31 2014 2013
($ in millions except per share information)
 
Revenue 117.5 139.3
Net Income 104.1 148.8
Adjusted Cash Flow [1][2] 113.6 115.4
Net Income per share $1.63 $2.33
Adjusted Cash Flow per share [1][2] $1.77 $1.80
Cash Distributions per share $1.650 $1.875
[1] See Management’s Discussion & Analysis for definition.
[2] 2014 Includes IOC dividends totaling $48.1 (2013 - $40.0) million or $0.75 (2013 - $0.63) per share.
 

All amounts in CAD unless otherwise noted.