TORONTO, Oct. 28, 2020 /CNW/ - (TSX: LUN) (Nasdaq
Stockholm: LUMI) Lundin Mining
Corporation ("Lundin Mining" or the "Company") today
announced that its Board of Directors has declared a dividend of
CAD$0.04 per share, payable on
December 16, 2020, to shareholders of record at the close of
business on December 4, 2020. This dividend qualifies as
an 'eligible dividend' for Canadian income tax purposes. The
declaration, timing, amount and payment of future dividends remain
at the discretion of the Board of Directors.
Dividends on shares traded on the Toronto Stock Exchange ("TSX")
will be paid in Canadian Dollars ("CAD") on December
16, 2020.
Dividends on shares traded on Nasdaq Stockholm will be paid in
Swedish kronor ("SEK") in accordance with Euroclear principles on
December 17, 2020. To execute the payment of the dividend, a
temporary administrative cross-border transfer closure will be
applied by Euroclear from December 3, 2020 up to and including
December 4, 2020 during which period shares of the Company
cannot be transferred between TSX and Nasdaq Stockholm.
Notice to all Non-Canadian Resident Shareholders
In 2012, the Canada Revenue Agency ("CRA") changed how the tax
withholding rate applied to dividend payments made to non-residents
is determined. The CRA now requires a certification of residency
from each shareholder so that the preferred tax treaty rate can be
applied where applicable to person's resident in countries which
have a tax treaty with Canada.
Shares traded on Toronto Stock Exchange
Form NR301 will be mailed to any new Registered non-resident
shareholders as at the dividend record date December 4, 2020, by Computershare Investor
Services Inc. In order to receive the preferred treaty rate, you
must complete and mail back the form as soon as possible. Failure
to supply a completed NR301 form will result in Computershare
withholding the statutory 25% withholding tax rate on any payments
to Registered non-resident shareholders. You can also download the
form at
https://cda.computershare.com/Content/4f677775-5e6c-4e64-a695-a5785771fec3.
Instructions on how to correctly complete the NR301 are on the back
of the form. Shareholders who hold their shares through a broker
should contact their broker directly. They do not need to return a
form to Computershare. If you have already completed Form NR301,
you do not need to complete a new form.
Shares traded on Nasdaq Stockholm
Dividend payments will be made net of 25% Canadian withholding
tax and any other deemed applicable country of residence tax.
Holders who are entitled to reclaim taxes applicable under tax
treaties should contact the applicable tax authorities, directly.
Shareholders who hold their shares through a nominee should contact
their nominee.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining
company with operations in Brazil,
Chile, Portugal, Sweden and the
United States of America, primarily producing copper, zinc,
gold and nickel.
The content contained herein is not tax advice. Do not use
or otherwise rely upon any of the content without first seeking
independent tax advice.
The information was submitted for publication, through the
agency of the contact persons set out below on October 28, 2020 at 18:35
Eastern Time.
Cautionary Statement on Forward-Looking Information
Certain of the statements made and information contained
herein, other than statements of historical fact and historical
information, is "forward-looking information" within the meaning of
applicable Canadian securities laws. Such statements include, but
are not limited to, payment of the dividend and declaration of
future dividends, and timing and amount thereof. Words such
as "if", "will be", "may" and "schedule", or variations of these
terms or similar terminology or statements that certain actions,
events or results "could" occur or be achieved are intended to
identify such forward-looking information. Although the Company
believes that the expectations reflected in the forward-looking
information contained herein are reasonable, these statements by
their nature involve risks and uncertainties, and are not
guarantees of future performance. Forward-looking information is
based on a number of assumptions, and subject to a variety of risks
and uncertainties which could cause actual events or results to
differ from those reflected in the forward-looking statements.
Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those described in forward-looking statements.
Accordingly, readers should not to place undue reliance on
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward–looking
statements or to explain any material difference between subsequent
actual events and such forward– looking
statements, except to the extent required by applicable
law.
Photo -
https://mma.prnewswire.com/media/1322665/Lundin_Mining_Corporation_Lundin_Mining_Announces_Declaration_of.jpg
Photo -
https://mma.prnewswire.com/media/1322704/Lundin_Mining_Corporation_Lundin_Mining_Announces_Declaration_of.pdf?p=original
For further information: Mark
Turner, Director, Business Valuations and Investor
Relations: +1-416-342-5565; Brandon
Throop, Manager, Investor Relations: +1–416–342–5583;
Robert Eriksson, Investor Relations
Sweden: +46 8 440 54 50