Sprott Inc. Declares Second Quarter 2021 Dividend

Rhea-AI Summary

Sprott Inc. (SII) has announced a second quarter 2021 dividend of US$0.25 per common share, payable on August 31, 2021. Shareholders must be on record by the close of business on August 16, 2021. Canadian residents will receive dividends in Canadian dollars based on the spot exchange rate, while international residents can opt for U.S. dollars. This dividend is classified as an eligible dividend for Canadian income tax purposes, reflecting Sprott's ongoing commitment to return value to its investors.

Positive

• Declaration of a US$0.25 dividend enhances shareholder income.
• Dividends payable in Canadian or U.S. dollars provide flexibility for shareholders.

Negative

• None.

TORONTO, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX: SII) announced today that its Board of Directors has declared a second quarter 2021 dividend of US$0.25 per common share, payable on August 31, 2021 to shareholders of record at the close of business on August 16, 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 August 31, 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 August 16, 2021.

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

About Sprott

Sprott is a global leader in precious metals and real assets 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: (416) 943-4394 or ir@sprott.com

FAQ

What is the dividend amount declared by Sprott for Q2 2021?

Sprott declared a dividend of US$0.25 per common share for Q2 2021.

When will Sprott's dividend be paid?

The dividend will be paid on August 31, 2021.

What is the record date for Sprott's dividend?

Shareholders must be on record by August 16, 2021 to receive the dividend.

In what currency will Sprott's dividend be paid?

Dividends will be paid in Canadian dollars or U.S. dollars, depending on the residency of shareholders.

Is Sprott's dividend eligible for Canadian tax purposes?

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