OR Royalties Declares Third Quarter Dividend
MONTREAL – OR Royalties Inc. (the “Company” or “OR Royalties”) (TSX: OR, NYSE: OR) has announced an exciting update for its shareholders: the Board of Directors has approved a third quarter dividend of US$0.055 per common share. This dividend reflects the Company’s continued strong performance and is set to be paid on October 15 to all shareholders recorded as of September 30.
For shareholders in Canada, the corresponding Canadian dollar amount will be determined based on the daily exchange rate provided by the Bank of Canada on September 30. This ensures that our Canadian investors receive a fair value for their dividends.
The Company has also reminded its shareholders about the dividend reinvestment plan (the “Plan”). Both Canadian and U.S. residents are welcomed to opt into this plan, allowing them to reinvest dividends into additional shares, furthering their investments. More details about the Plan can be found on the Company’s official website.
Due to a recent corporate name change earlier this year, OR Royalties has received a new CUSIP number. Non-registered beneficial shareholders are advised to re-register to maintain their participation in the DRIP and are encouraged to contact their financial advisors for clarification on this update.
Any non-registered beneficial shareholders looking to enroll in the Plan must also reach out to their financial institutions. They should inquire about important deadlines and procedures for joining the Plan. The Company’s transfer agent can also be contacted for assistance, providing a toll-free number for inquiries.
It is essential for participants in the Plan to understand that engaging in the dividend reinvestment plan doesn’t exempt them from potential taxes associated with reinvested dividends. Shareholders are urged to consult with tax professionals to comprehend how this may affect their financial situations.
The release does note the prescribed reporting of dividends and does not extend as an offer or invitation to purchase any securities in the United States or other jurisdictions.
About OR Royalties Inc.
OR Royalties is a prominent player in the precious metals sector, focused on acquiring royalties and streaming interests in Tier-1 mining jurisdictions like Canada, the United States, and Australia. Since its inception in June 2014, OR Royalties has expanded its portfolio significantly from a single asset to over 195 royalties and streams across various mining properties.
The cornerstone of OR Royalties’ portfolio is a notable 3-5% net smelter return royalty on the Canadian Malartic Complex operated by Agnico Eagle Mines Ltd, one of the largest gold mines in existence, which establishes the Company as a key player within the mining investment landscape.
The Company operates from its head office located in Montréal, providing a strategic base for its growing operations and investments.
Contact Information
Grant Moenting
Vice President, Capital Markets
Tel: (514) 940-0670 x116
Cell: (365) 275-1954
Email: gmoenting@ORroyalties.com
Heather Taylor
Vice President, Sustainability and Communications
Tel: (514) 940-0670 x105
Email: htaylor@ORroyalties.com
Frequently Asked Questions
When is the dividend payment date for OR Royalties?
The dividend payment date is set for October 15.
What is the amount of the approved dividend?
The approved dividend is US$0.055 per common share.
How can shareholders participate in the dividend reinvestment plan?
Shareholders can enroll in the Plan through their financial institutions or by contacting the Company’s transfer agent for assistance.
Who can participate in the dividend reinvestment plan?
Both Canadian and U.S. residents who are shareholders of OR Royalties are eligible to participate.
What should shareholders consider regarding taxes and the reinvestment plan?
Shareholders should consult with tax advisors to understand the tax implications of reinvesting their dividends.
