| |
| Year (Ending December 31) |
2008 |
2007 |
| ($ in millions except per unit information) |
| |
| Revenue |
163.4 |
67.6 |
| Expenses (including royalty taxes) |
38.8 |
22.6 |
| Net Income |
176.5 |
80.9 |
| Adjusted Cash Flow [1] [2] |
174.9 |
60.5 |
| Net Income per Unit |
$5.52 |
$2.53 |
| Adjusted Cash Flow per Unit [1] [2] |
$5.46 |
$1.89 |
| Cash Distributions per Unit |
$4.85 |
$1.95 |
|
|
 |
|
Toronto, December 11, 2009
Cash Distribution for the Fourth Quarter of 2009 - $0.50 per Trust Unit
The Trustees of The Labrador Iron Ore Royalty Income Fund declared today a cash distribution for the fourth quarter of 2009 of $0.50 per Trust Unit payable to holders of record at the close of business on December 31, 2009 and to be paid on January 25, 2010..
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Toronto, October 29, 2009
RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2009
Royalty income for the third quarter of 2009 amounted to $15.51 million as compared to $43.20 million for the third quarter of 2008.
The Fund’s cash flow from operating activities after adjustments for changes in amounts receivable, accounts payable and income taxes
payable/recoverable (adjusted cash flow) for the third quarter was $18.81 million or $0.59 per unit as compared to $104.10 million or
$3.25 per unit for the same period in 2008. Net income was $13.63 million or $0.43 per unit compared to $65.64 million or $2.05 per
unit for the same period in 2008.
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