Sprott Inc. Declares First Quarter 2022 Dividend

Rhea-AI Summary

Sprott Inc. (SII) declared a Q1 2022 dividend of US$0.25 per common share, scheduled for payment on May 31, 2022. Shareholders of record by May 16, 2022 will receive dividends in their currency of residence: Canadian dollars for domestic shareholders and U.S. dollars for international ones. Beneficial holders can opt to change their dividend currency through their brokers. This dividend is classified as an eligible dividend for Canadian tax purposes, reflecting Sprott's commitment to returning value to investors.

Positive

• Declared a dividend of US$0.25 per share, indicating confidence in financial stability.
• Eligible dividend for Canadian income tax purposes, favorable for Canadian shareholders.

Negative

• None.

TORONTO, May 05, 2022 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX: SII) announced today that its Board of Directors has declared a first quarter 2022 dividend of US$0.25 per common share, payable on May 31, 2022 to shareholders of record at the close of business on May 16, 2022.

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 May 31, 2022. 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 16, 2022.

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

About Sprott

Sprott is a global leader in precious metal and real asset investments. We are specialists. Our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities, Private Strategies and Brokerage. Sprott has offices in Toronto, New York and London and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII). For more information, please visit www.sprott.com.

Investor contact information:

Glen Williams
Managing Director
Investor and Institutional Client Relations;
Head of Corporate Communications
(416) 943-4394
gwilliams@sprott.com

FAQ

What is the dividend amount declared by Sprott Inc. for Q1 2022?

Sprott Inc. declared a dividend of US$0.25 per common share for Q1 2022.

When will the dividend be paid to shareholders?

The dividend will be paid on May 31, 2022.

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

The record date for the dividend is May 16, 2022.

Can shareholders choose the currency for their dividend payment?

Yes, shareholders can opt to receive their dividend in either Canadian or 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.