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News Releases

News Releases

RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2009

October, 29, 2009

Toronto

Labrador Iron Ore Royalty Income Fund (TSX: LIF.UN) announced its 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. 


For further information, please contact:
Bruce C. Bone
Chairman & Chief Executive Officer
(416) 863-7133