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Press release from CNW Group

Labrador Iron Ore Royalty Corporation - Cash Distribution For The Fourth Quarter Of 2011 - $0.25 Per Stapled Unit And Special Dividend - $0.125 Per Stapled Unit

Wednesday, December 07, 2011

Labrador Iron Ore Royalty Corporation - Cash Distribution For The Fourth Quarter Of 2011 - $0.25 Per Stapled Unit And Special Dividend - $0.125 Per Stapled Unit16:58 EST Wednesday, December 07, 2011TORONTO, Dec. 7, 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 $0.125 per common share for a total distribution of $0.375 per Stapled Unit. All amounts are payable to holders of record at the close of business on December 31, 2011 and to be paid on January 25, 2012.For further information: Bruce C. Bone President & Chief Executive Officer (416) 863-7133 E-mail- investor.relations@labradorironore.com