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Labrador Iron Ore Royalty Corp T.LIF

Alternate Symbol(s):  LIFZF

Steel Steel
Labrador Iron Ore Royalty Corporation is a Canada-based investment company. The Company holds interests in the Iron Ore Company of Canada (IOC), which is a North American producer and exporter of iron ore pellets and high-grade concentrate. The Company, through its wholly owned subsidiary, Hollinger Hanna Limited (Hollinger-Hanna), holds an approximately 15.10% equity interest in IOC. It holds an approximately 15.10% equity interest in IOC and receives approximately 7% gross overriding royalty and a 10% per ton commission on all iron ore products produced, sold, and shipped by IOC. IOC operates mine, concentrator and pellet plant at Labrador City, Newfoundland, and Labrador. The IOC mines and produces iron ore pellets and concentrates at its facilities in Labrador City, Newfoundland, and Labrador. The Company holds mining leases and mining licenses covering approximately 18,200 hectares of land near Labrador City.


TSX:LIF - Post by User

Labrador Iron Ore Royalty Corp > What the hell happened this morning?!
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Comment by porksnifferon Jun 30, 2021 10:13pm
146 Views
Post# 33478137

RE:RE:RE:What the hell happened this morning?!

RE:RE:RE:What the hell happened this morning?!
FartMachine wrote:

Thank you for the reply :)  

I thought ex dividend date was June 30th (tomorrow) but maybe I don't understand how it works.  

https://ca.finance.yahoo.com/news/cash-dividend-second-quarter-2021-213000329.html
 



The classic record date/ex-date mixup. You need to own the stock absolute latest 2 days PRIOR to date of record so in our case Monday June 28 at the close was the last chance to purchase as the following day, Tuesday June 29, is the ex-dividend (too late to become a shareholder of record in time for the div) and Wed June 30 is the date of record which takes 2 business days to become a shareholder of recored making June 28th the last chance to buy and collect the divs. Confusing for sure but critical to get these dates correctly. 
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