Mr. Mark Turner reports
LUNDIN MINING CONFIRMS 50% INCREASE IN CASH DIVIDEND
Lundin Mining Corp.'s board of directors has declared a dividend of six cents per share, payable on April 14, 2021, to shareholders of record at the close of business on March 26, 2021. This is a 50-per-cent increase compared with the four-cent-per-share quarterly dividend paid on Dec. 16, 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 will be paid in Canadian dollars on April 14, 2021.
Dividends on shares traded on the Nasdaq Stockholm will be paid in Swedish kronor in accordance with Euroclear principles on April 15, 2021. To execute the payment of the dividend, a temporary administrative cross-border transfer closure will be applied by Euroclear from March 25, 2021, up to and including March 26, 2021, 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 persons 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 of March 26, 2021, by Computershare Investor Services Inc. 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-per-cent withholding tax rate on any payments to registered non-resident shareholders. You can also download the form at the Computershare website. 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 a 25-per-cent 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 Corp.
Lundin Mining is a diversified Canadian base metal mining company with operations in Brazil, Chile, Portugal, Sweden and the United States, primarily producing copper, zinc, gold and nickel.
We seek Safe Harbor.
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