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Press release from CNW Group

Labrador Iron Ore Royalty Corporation - Cash Distribution For The Third Quarter Of 2011 - $0.25 Per Stapled Unit And Special Dividend - $0.50 Per Stapled Unit

Tuesday, September 20, 2011

Labrador Iron Ore Royalty Corporation - Cash Distribution For The Third Quarter Of 2011 - $0.25 Per Stapled Unit And Special Dividend - $0.50 Per Stapled Unit16:47 EDT Tuesday, September 20, 2011TORONTO, Sept. 20, 2011 /CNW/ - The Directors of Labrador Iron Ore Royalty Corporation declared today a regular quarterly cash distribution of $0.25 per Stapled Unit, comprising a $0.117 interest payment on subordinated notes and a $0.133 common share dividend. The Directors also declared a special dividend of $0.50 per common share for a total distribution of $0.75 per Stapled Unit. All amounts are payable to holders of record at the close of business on September 30, 2011 and to be paid on October 25, 2011.For further information: Bruce C. Bone President & Chief Executive Officer (416) 863-7133 E-mail- investor.relations@labradorironore.com