Franco-Nevada Declares Dividend Increase and Provides Details for Upcoming Release of 2021 Results
NEWS RELEASE
Toronto, January 27, 2022
Franco-Nevada Declares Dividend Increase and Provides Details
for Upcoming Release of 2021 Results
Franco-Nevada Corporation is pleased to announce that its Board of Directors has raised its quarterly dividend and declared a
quarterly dividend of US$0.32 per share payable on March 31, 2022 to shareholders of record on March 17, 2022 (the “Record
Date”). This is a 6.7% increase from the previous US$0.30 per share quarterly dividend and marks the 15th consecutive annual
increase for Franco-Nevada shareholders. Canadian investors in Franco-Nevada’s IPO in December 2007 are now receiving an
effective 10.7% yield on their cost base. The Board of Directors has determined to move its annual dividend reviews earlier in
the year than prior practice starting with 2022. The dividend policy will now be reviewed at the beginning of the fiscal year so
that any increases to the divid end will be effective for the full fiscal year rather than commencing in Q2 as in prior years. The
dividend has been declared in U.S. dollars and t he Canadian dollar equivalent will be determined based on the daily average
rate posted by the Bank of Canada on the Record Date. Under Canadian tax legislation, Canadian resident individuals who
receive “eligible dividends” are entitled to an enhanced gross-up and dividend tax credit on such dividends.
The Company has a Dividend Reinvestment Plan (the “DRIP”). Participation in the DRIP is optional. The Company will issue
additional common shares through treasury at a 3% discount to the Average Market Price, as defined in the DRIP. However, the
Company may, from time to time, in its discretion, change or eliminate the discount applicable to treasury acquisitions or direct
that such common shares be purchased in market acquisitions at the prevailing market price, any of which would be publicly
announced. The DRIP and enrollment forms are available on the Company’s website at www.franco-nevada.com. Canadian and
U.S. registered shareholders may also enroll in the DRIP online through the plan agent’s self -service web portal at
www.investorcentre.com/franco-nevada. Canadian and U.S. beneficial shareholders should contact their financial intermediary
to arrange enrollment. Non -Canadian and non -U.S. shareholders may potentially participate in the DRIP, subject to the
satisfaction of certain conditions. Non-Canadian and non-U.S. shareholders should contact the Company to determine whether
they satisfy the necessary conditions to participate in the DRIP.
This press release is not an offer to sell or a solicitation of an offer for securities. A registration statement relating to the DRIP
has been filed with the U.S. Securities and Exchange Commission and may be obtained under the Company’s profile on the U.S.
Securities and Exchange Commission’s website at www.sec.gov.
Details for Upcoming Release of 2021 Results
2021 Results Release: March 9th after market close
Conference Call and Webcast: March 10th 10:00 am ET
Dial-in Numbers: Toll-Free: 1-888-390-0546
International: 416-764-8688
Webcast: www.franco-nevada.com
Replay (available until March 17th): Toll-Free: 1-888-390-0541
International: 416-764-8677
Pass code: 914584 #
For more information, please go to our website at www.franco-nevada.com or contact:
Sandip Rana
Chief Financial Officer
416-306-6303