Sprott Inc. Declares Third Quarter 2022 Dividend

Rhea-AI Summary

Sprott Inc. (NYSE/TSX: SII) has declared a third quarter 2022 dividend of US$0.25 per common share, payable on November 29, 2022. Shareholders of record as of November 14, 2022 will be eligible. Canadian registered shareholders will receive dividends in Canadian dollars, while those in the U.S. will receive in U.S. dollars, depending on their intermediary's participation in CDS or DTC. The dividend is designated as an eligible dividend for Canadian income tax purposes.

Positive

• Third quarter 2022 dividend of US$0.25 per common share enhances shareholder value.
• Dividend payment reflects company confidence in ongoing financial health.

Negative

• None.

TORONTO, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX: SII) announced today that its Board of Directors has declared a third quarter 2022 dividend of US$0.25 per common share, payable on November 29, 2022 to shareholders of record at the close of business on November 14, 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 November 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 November 14, 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 Q3 2022?

Sprott Inc. has declared a dividend of US$0.25 per common share for Q3 2022.

When will the dividend be paid to Sprott Inc. shareholders?

The dividend will be paid on November 29, 2022.

Who is eligible to receive the Sprott Inc. Q3 2022 dividend?

Shareholders of record as of November 14, 2022, are eligible to receive the dividend.

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 registered shareholders outside Canada.

What is the tax designation of Sprott Inc.'s Q3 2022 dividend?

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