Labrador Iron Ore Royalty Corporation - Cash dividends for the third quarter of 2018 - $0.55 per common share comprised of a regular dividend of $0.25 and a special dividend of $0.30

Labrador Iron Ore Royalty Corporation - Cash

dividends for the third quarter of 2018 - $0.55

per common share comprised of a regular

dividend of $0.25 and a special dividend of

$0.30

TORONTO

,

Sept. 14, 2018

/CNW/ -The Directors of Labrador Iron Ore Royalty Corporation (the

"Corporation") declared today a regular quarterly cash dividend of

$0.25

per Common Share. The

Directors also declared a special dividend of

$0.30

per Common Share for total dividends of

$0.55

per Common Share. All amounts are payable to holders of record at the close of business on

September 30, 2018

and to be paid on

October 25, 2018

.

Iron Ore Company of Canada Dividend

The Corporation announced that Iron Ore Company of

Canada

(IOC) has declared a dividend

payable on

September 27

, 2018. The Corporation's portion is U.S.

$45,300,000

or about CDN.

$59

million

(CDN.

$0.92

per share).

LIORC shareholders are advised that the IOC dividend represents a larger payout ratio than in prior

periods and reflects a number of considerations including the fact that the risk from labour

negotiations has passed. The LIORC Board of Directors has decided to use a portion of the IOC

dividend to increase the Corporation's cash position pending the outcome of relevant strategic

considerations.

SOURCE

Labrador Iron Ore Royalty Corporation

View original content:

http://www.newswire.ca/en/releases/archive/September2018/14/c1821.html

%SEDAR: 00030172E

For further information:

William H. McNeil, President & Chief Executive Officer, (416) 863-7133,

E-mail- [email protected], 26th Floor, 40 King Street West, Toronto, Ontario

M5W 2X6, Tel : (416) 863-7133, Fax : (416) 863-7425

CO: Labrador Iron Ore Royalty Corporation

CNW 16:44e 14-SEP-18