Toronto, December 12, 2008
MARKET UPDATE AND $0.50 PER UNIT DISTRIBUTION
In recent weeks, iron ore markets have weakened substantially with most producers, including Iron Ore Company of Canada (IOC), cutting back production in order to avoid building up excessive inventories. The Trustees of the Labrador Iron Ore Royalty Income Fund are currently expecting fourth quarter IOC sales to be below budget. The first quarter of 2009 is also expected to be much slower than usual, with demand not picking up until later in the year.
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Toronto, November 28, 2008
IOC’S RESPONSE TO STEEL INDUSTRY SLOWDOWN
Labrador Iron Ore Royalty Income Fund (the “Fund”) attaches a press release issued today by Iron Ore Company of Canada (“IOC”) responding to the steel industry slowdown. The Fund notes that any reduction in sales by IOC will negatively affect the Fund’s royalty revenue and earnings but this would at least partially be offset by the lower value of the Canadian dollar against its U.S. counterpart.
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Toronto, October 21, 2008
RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2008
Labrador Iron Ore Royalty Income Fund (TSX: LIF.UN) announced its results for the third quarter ended September 30, 2008.
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Toronto, September 11, 2008
CASH DISTRIBUTION FOR THE THIRD QUARTER OF 2008 - $3.00 PER TRUST UNIT
The Trustees of The Labrador Iron Ore Royalty Income Fund declared today a regular quarterly cash distribution of $0.50 per Trust Unit and a special distribution of $2.50 per Trust Unit payable to holders of record at the close of business on September 30, 2008 and to be paid on October 24, 2008.
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Toronto, September 4, 2008
IOC ANNOUNCE A FURTHER $300 MILLION EXPANSION PROGRAM
Iron Ore Company of Canada (IOC) announced today a $300 million expansion program to increase annual production to 22.8 million tonnes including $75 million towards the feasibility study to increase production to 26 million tonnes.
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Toronto, August 28, 2008
FUND TO RECEIVE DIVIDEND
Labrador Iron Ore Royalty Income Fund announced that Iron Ore Company of Canada today declared a dividend payable on September 25, 2008. The amount to be received by the Fund is U.S. $75.5 million or approximately Cdn. $79.3 million, equating to Cdn. $2.48 per unit.
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Toronto, August 12, 2008
RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2008
Labrador Iron Ore Royalty Income Fund (TSX: LIF.UN) announced its results for the second quarter ended June 30, 2008.
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Toronto, June 18, 2008
CASH DISTRIBUTION FOR THE SECOND QUARTER OF 2008 - $1.00 PER TRUST UNIT
The Trustees of The Labrador Iron Ore Royalty Income Fund declared today a regular quarterly cash distribution of $0.50 per Trust Unit and an extra distribution of $0.50 per Trust Unit payable to holders of record at the close of business on June 30, 2008 and to be paid on July 25, 2008.
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Toronto, May 8, 2008
RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2008
Labrador Iron Ore Royalty Income Fund (TSX: LIF.UN) announced its results for the first quarter ended March 31, 2008.
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Toronto, May 5, 2008
ANNUAL MEETING: THURSDAY, MAY 22, 2008
The Annual General Meeting of Labrador Iron Ore Royalty Income Fund will be held on Thursday, May 22, 2008 at 2:00 p.m. (Toronto time) at The Toronto Board of Trade, 1 First Canadian Place, Third Floor, Toronto, Ontario, Canada. The Notice of Meeting and the 2007 Annual Report incorrectly referred to the day of the meeting as Wednesday.
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Toronto, April 30, 2008
IOC ANNOUNCES PRICE SETTLEMENTS
(Canada) Montreal, Sept-Îles, Labrador City, 30 April 2008 – The Iron Ore Company of Canada (IOC) has reached agreement with ThyssenKrupp Steel AG on prices for IOC Carol Lake iron pellets and concentrates for 2008.
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Toronto, March 11, 2008
IOC ANNOUNCES $500 MILLION EXPANSION PROGRAM
Iron Ore Company of Canada (IOC) announced today a $500 million expansion program to increase annual production to 22 million tonnes with a feasibility study to increase production to 25 million tonnes.
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Toronto, March 6, 2008
2007 RESULTS OF OPERATIONS
Labrador Iron Ore Royalty Income Fund announced the results of its operations for the year ended December 31, 2007.
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Toronto, March 3, 2008
CASH DISTRIBUTION FOR THE FIRST QUARTER OF 2008 - $0.35 PER TRUST UNIT
The Trustees of The Labrador Iron Ore Royalty Income Fund declared today a regular quarterly cash distribution of $0.35 per Trust Unit payable to holders of record at the close of business on March 31, 2008 and to be paid on April 25, 2008.
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