Franco-Nevada Declares Dividend Increase and Provides Details for Upcoming Release of 2022 Results
NEWS RELEASE
Toronto, January 17, 2023
Franco-Nevada Declares Dividend Increase and Provides Details
for Upcoming Release of 2022 Results
Franco-Nevada Corporation (“Franco-Nevada” or the “Company”) is pleased to announce that its Board of Directors has raised
its quarterly dividend and declared a quarterly dividend of US$0.34 per share payable on March 30, 2023 to shareholders of
record on March 16, 2023 (the “Record Date”). The increased dividend w ill be effective for the full 2023 fiscal year. This is a
6.25% increase from the previous US$0.32 per share quarterly dividend and marks the 1 6th consecutive annual increase for
Franco-Nevada shareholders. Canadian investors in Franco -Nevada’s IPO in Dec ember 2007 are now receiving an effective
12.2% yield on their cost base. The dividend has been declared in U.S. dollars and the 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.
Update on Dividend Reinvestment Plan
The Company has a Dividend Reinvestment Plan (the “DRIP”) which allows shareholders of Franco-Nevada to reinvest dividends
to purchase additional common shares at the Average Market Price, as defined in the DRIP, subject to a discount from the
Average Market Price in the case of tre asury acquisitions. Pursuant to the terms of the DRIP, the Company has changed the
discount applicable to the Average Market Price from 3% to 1%, effective from the dividend payable on March 30, 2023. The
Company may, from time to time, in its discretion, further 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. Participation in the DRIP is option al. 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/franc o-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 state ment 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 2022 Results
2022 Results Release: March 15th after market close
Conference Call and Webcast: March 16th 10:00 am ET
Conference Call URL (This allows conference call
participants to enter their name and phone number. The
system will then call the participant and place them instantly
into the call, fully registered):
https://app.webinar.net/zOeKNMBLXGb
Dial-in Numbers: Toll-Free: 1-888-390-0546
International: 416-764-8688
Webcast: www.franco-nevada.com
Replay (available until March 23rd): Toll-Free: 1-888-390-0541
International: 416-764-8677
Pass code: 932372 #
For more information, please visit our website at www.franco-nevada.com or contact:
Sandip Rana
Chief Financial Officer
416-306-6303