DIVIDEND DECLARATION CORRECTION FROM SOURCE: In the news release titled ‘Wheaton Precious Metals Declares Quarterly Dividend’, issued 11-Aug-2022 by Wheaton Precious Metals Corp., the ex-dividend date is anticipated to be
August 12, 2022 TSX | NYSE | LSE: WPM
Vancouver, British Columbia
DIVIDEND DECLARATION
CORRECTION FROM SOURCE:
In the news release titled ‘Wheaton Precious Metals Declares Quarterly Dividend’, issued
11-Aug-2022 by Wheaton Precious Metals Corp., the ex-dividend date is anticipated to be
August 25, 2022, rather than September 7, 2022, as was originally issued inadvertently.
The complete, corrected release follows:
WHEATON PRECIOUS METALS DECLARES QUARTERLY DIVIDEND
Vancouver, British Columbia – Wheaton Precious Metals™ Corp. (“Wheaton” or the
“Company”) is pleased to announce that its Board of Directors has declared its third quarterly
cash dividend payment for 2022 of US$0.15 per common share.
Third Quarterly Dividend
The third quarterly cash dividend for 202 2 of US$0.15 will be paid to holders of record of
Wheaton common shares as of the close of business on August 26 , 202 2 and will be
distributed on or about September 8, 2022. The ex-dividend trading date is August 25th, 2022.
Under the Company’s revised dividend policy, for the 2022 calendar year, the quarterly
dividend per common share is targeted to equal the greater of 30% of the average cash
generated by operating activities in the previous four quarters divided by the Company’s then
outstanding common shares, all rounded to the nearest cent and the dividend declared in the
prior quarter. To minimize volatility in quarter ly dividends, the Company has set a minimum
quarterly dividend for the duration of 2022 equal to the dividend per common share declared
in the prior quarter.
The declaration, timing, amount and payment of future dividends remain at the discretion of
the Board of Directors. This dividend qualifies as an ‘eligible dividend’ for Canadian income
tax purposes.
Dividend Reinvestment Plan
The Company has previously implemented a Dividend Reinvestment Plan (“DRIP”).
Participation in the DRIP is optional. For the purposes of this quarterly dividend, the Company
has elected to issue common shares under the DRIP through treasury at a 1% 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,
as defined in the DRIP, or direct that such common shares be purchased in Market
Acquisitions, as defined in the DRIP , at the prevailing market price, any of which would be
publicly announced.
The DRIP and enrollment forms, including direct deposit, are available for download on the
Company’s website at www.wheatonpm.com, in the ‘investors’ section under the ‘dividends’
tab.
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Registered shareholders may also enroll in the DRIP online through the plan agent’s self-
service web portal at: https://tsxtrust.com/DRIP
Beneficial shareholders should contact their financial intermediary to arrange enrollment. All
shareholders considering enrollment in the DRIP should carefully re view the terms of the
DRIP and consult with their advisors as to the implications of enrollment in the DRIP.
This press release is not an offer to sell or a solicitation of an offer of securities. A registration
statement relating to th e DRIP has been fi led 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 http://www.sec.gov. A written copy of the prospectus
included in the registration statement may be obtained by contacting the Corporate Secretary
of the Company at 1021 West Hastings Street, Suite 3500, Vancouver, British Columbia,
Canada V6E 0C3.
CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS
This press release contains “forward-looking statements” within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and “forward-looking information ” within the
meaning of applicable Canadian securities legislation concerning the business, operations and
financial performance of Wheaton. Forward-looking statements, which are all statements other
than statements of historical fact, include, but are not limited to, statements with respect to future
dividends. Forward-looking statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity, performance or achievements
of Wheaton to be materially different from those expressed or implied by such forward -looking
statements including risks discussed in the section entitled “Description of the Business – Risk
Factors” in Wheaton's Annual Information Form available on SEDAR at www.sedar.com and
Wheaton's Form 40-F for the year ended December 31, 2021 and Form 6-K filed March 31, 2022
both on file with the U.S. Securities and Exchange Commission on EDGAR. Forward-looking
statements are based on assumptions management currently believes to be reasonable,
including (without limitation) that there will be no material adverse change in the market price of
commodities, that the mining operations from which Wheaton purchases precious metals will
continue to operate, that each party will satisfy their obligations in accordance with the precious
metals purchase agreements , that neither Wheaton nor the Mining Operations will suffer
significant impacts as a result of an epidemic (including the COVID-19 virus pandemic) and that
Wheaton's application of the CRA Settlement for years subsequent to 2010 is accurate (including
the Company's assessment that there will be no material change in the Company's facts or
change in law or jurisprudence for years subsequent to 2010 ) and possible domestic audits for
taxation years subsequent to 2016 and international audits.
For further information, please contact:
Patrick Drouin
Senior Vice President, Investor Relations
Wheaton Precious Metals Corp.
Tel: 1-844-288-9878
Email: [email protected]
Website: www.wheatonpm.com