Sprott Inc. Declares First Quarter 2021 Dividend

Rhea-AI Summary

Sprott Inc. (NYSE/TSX: SII) has declared a first quarter 2021 dividend of US$0.25 per common share, payable on June 1, 2021, to shareholders recorded by the close of business on May 17, 2021. Canadian residents will receive their dividends in Canadian dollars based on the exchange rate on the payment date, while non-residents will receive theirs in U.S. dollars, with options for currency elections. The dividend is classified as an eligible dividend for Canadian tax purposes.

Positive

• Declared a dividend of US$0.25 per share, indicating confidence in cash flow.
• Dividend payment enhances shareholder value and investor interest.

Negative

• None.

TORONTO, May 06, 2021 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX: SII) announced today that its Board of Directors has declared a first quarter 2021 dividend of US$0.25 per common share, payable on June 1, 2021 to shareholders of record at the close of business on May 17, 2021.

Registered shareholders who are residents of Canada as reflected in the Company’s shareholders register, as well as beneficial holders (i.e., shareholders who hold their common shares through a broker or other intermediary) whose intermediary is a participant in CDS Clearing and Depositary Services Inc. or its nominee, CDS & Co. (“CDS”), will receive their dividend in Canadian dollars, calculated based on the spot price exchange rate on June 1, 2021. Registered shareholders resident outside of Canada as reflected in Sprott’s shareholders register, including the United States, as well as beneficial holders whose intermediary is a participant in The Depository Trust Company or its nominee, Cede & Co., will receive their dividend in U.S. dollars. However, beneficial holders whose intermediary is a participant in CDS, may elect to change the currency of their dividend payments to U.S. dollars and can contact their broker for more details. Registered shareholders, other than CDS, who are residents of Canada and wish to receive their dividend in U.S. dollars should make arrangements to deposit their common shares with CDS, and make a currency election, prior to May 17, 2021.

The dividend is designated as an eligible dividend for Canadian income tax purposes.

About Sprott

Sprott is a global leader in precious metal investments. With offices in Toronto, New York and London, Sprott is dedicated to providing investors with specialized investment strategies that include Exchange Listed Products, Managed Equities, Lending, and Brokerage. Sprott’s common shares are listed on the New York Stock Exchange under the symbol (NYSE:SII) and on the Toronto Stock Exchange under the symbol (TSX:SII). For more information, please visit www.sprott.com.

Investor contact information:

Glen Williams
Managing Director
(416) 943-4394
gwilliams@sprott.com

FAQ

What is the dividend amount declared by Sprott Inc. in May 2021?

Sprott Inc. declared a dividend of US$0.25 per common share.

When will the dividend be paid by Sprott Inc.?

The dividend will be paid on June 1, 2021.

What is the record date for the dividend payment by Sprott Inc.?

The record date for the dividend payment is May 17, 2021.

In what currencies will Sprott Inc. pay the dividend?

Canadian residents will receive dividends in Canadian dollars, while non-residents will receive them in U.S. dollars.

Is the dividend from Sprott Inc. eligible for Canadian tax purposes?

Yes, the dividend is designated as an eligible dividend for Canadian income tax purposes.