According to a June 14, 2013, news release, QLT Inc.'s shareholders have approved a special distribution of about $3.92 (U.S.) per share, payable on June 27, 2013, to shareholders of record at the close of business on June 24, 2013. The company will determine the exact amount of the distribution based on the number of outstanding shares on June 24, 2013. The TSX reports the company's shares will start trading on a due bill basis at the open on June 20, 2013, until the close on Thursday, June 27, 2013. The shares will start trading ex distribution at the open on June 28, 2013.

All trades in the company's shares completed on June 26, 2013, will be for regular settlement. All trades completed on June 27, 2013, will be for special two-day settlement on July 2, 2013, as a result of the Canada Day holiday.