Sprott Inc. Declares Second Quarter 2022 Dividend

Rhea-AI Summary

Sprott Inc. (SII) announced a Q2 2022 dividend of US$0.25 per common share, payable on August 29, 2022, with a record date of August 12, 2022. Shareholders in Canada will receive dividends in Canadian dollars based on the exchange rate on the payment date, while those outside Canada, including the U.S., will receive them in U.S. dollars. The dividend qualifies as an eligible dividend for Canadian tax purposes. Sprott specializes in precious metal and real asset investments and operates globally with offices in Toronto, New York, and London.

Positive

• Declaration of a quarterly dividend of US$0.25 per share.
• Dividend payment indicates company confidence in financial stability.
• Dividends are designated as eligible for Canadian income tax purposes.

Negative

• None.

TORONTO, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX: SII) announced today that its Board of Directors has declared a second quarter 2022 dividend of US$0.25 per common share, payable on August 29, 2022 to shareholders of record at the close of business on August 12, 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 August 29, 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 August 12, 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 Sprott Inc. dividend amount for Q2 2022?

Sprott Inc. declared a dividend of US$0.25 per common share for Q2 2022.

When will the Sprott Inc. dividend be paid?

The dividend will be paid on August 29, 2022.

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

The record date for the dividend is August 12, 2022.

In what currency will the Sprott Inc. dividend be paid?

Dividends will be paid in Canadian dollars for Canadian residents and in U.S. dollars for residents outside Canada.

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

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