Stock Exchange Listing TSX - LIF

2017 Third Quarter 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 2016 2015
($ in millions except per share information)
Revenue 115.1 101.7
Net Income 78.2  54.7
Cash Flow from Operations 63.5 (1)  59.9
Net Income per share $1.22 $0.85
Operating Cash Flow per share $0.99 (1) $0.94
Dividends per share $1.00 $1.00

[1]Includes IOC dividend of $15.1 million or $0.23 per Share.

All amounts in CAD unless otherwise noted.