Stock Exchange Listing TSX - LIF.UN


Q3 2011
Labrador Iron Ore Royalty Corporation (“LIORC”) is a Canada 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.2007 Annual Report
November 29, November 30 & December 1, 2011
Toronto, Ontario

Investment Highlights

Year ended December 31 2010 2009
($ in millions except per unit information)
 
Revenue 164.4 77.0
Net Income [1] 211.7 75.1
Adjusted Cash Flow [1] [2] [3] 170.6 58.3
Net Income per Unit [1] $6.61 $2.35
Adjusted Cash Flow per Unit [1] [2] [3] $5.33 $1.82
Cash Distributions per Unit $4.50 $2.00
 
[1] Includes interest income for the six months ended December 31, 2010 of $14,878,000 ($0.468 per stapled unit) on the subordinated notes of the Corporation
[2] See Management’s Discussion & Analysis for definition
[3] Includes IOC dividends totaling $74.0 million or $2.31 per Unit (2009 - $8.2 million or $0.26 per Unit)
   

 

All amounts in CAD unless otherwise noted.