Sprott Inc. Declares Fourth Quarter 2022 Dividend

Rhea-AI Summary

On February 23, 2023, Sprott Inc. (SII) declared a fourth quarter 2022 dividend of US$0.25 per common share, payable on March 21, 2023 to shareholders on record as of March 6, 2023. The dividend will be distributed in Canadian dollars for Canadian residents and in U.S. dollars for U.S. residents. Beneficial holders in Canada can opt for U.S. dollar payments if desired. This dividend is classified as an eligible dividend for Canadian income tax purposes. Sprott, a leader in precious metal and energy transition investments, operates from Toronto, New York, and London.

Positive

• Declaration of a dividend of US$0.25 per share.
• Dividend payment indicates confidence in financial health.
• Eligibility for Canadian income tax purposes may attract more investors.

Negative

• None.

TORONTO, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX: SII) announced today that its Board of Directors has declared a fourth quarter 2022 dividend of US$0.25 per common share, payable on March 21, 2023 to shareholders of record at the close of business on March 6, 2023.

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 March 21, 2023. 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 March 6, 2023.

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

About Sprott

Sprott is a global leader in precious metal and energy transition 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 Partner
Investor and Institutional Client Relations;
Head of Corporate Communications
(416) 943-4394
gwilliams@sprott.com 

FAQ

What is Sprott Inc.'s dividend amount for Q4 2022?

Sprott Inc. has declared a dividend of US$0.25 per common share for Q4 2022.

When will Sprott Inc. pay its dividend?

The dividend will be payable on March 21, 2023.

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

The record date for the dividend is March 6, 2023.

In what currency will Sprott Inc.'s dividend be paid?

The dividend will be paid in Canadian dollars for Canadian residents and in U.S. dollars for U.S. residents.

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

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