Osisko Declares an 8% Increase in Second Quarter 2024 Dividend
May 08 2024 - 5:13PM
Osisko Gold Royalties Ltd (the “
Company” or
“
Osisko”) (OR: TSX & NYSE) is pleased to
announce that the Board of Directors has approved a second quarter
2024 dividend of C$0.065 per common share, representing a roughly
eight percent increase over the previous quarterly dividend of
C$0.06 per common share. This marks Osisko’s 39th consecutive
quarterly dividend, which will be paid on July 15, 2024 to
shareholders of record as of the close of business on June 28,
2024. This dividend is an "eligible dividend" as defined in the
Income Tax Act (Canada).
For shareholders residing in the United States,
the U.S. dollar equivalent will be determined based on the daily
rate published by the Bank of Canada on June 28, 2024.
The Company also wishes to remind its
shareholders that it has implemented a dividend reinvestment plan
(the “Plan”). Shareholders who are residents of Canada and the
United States may elect to participate in the Plan in connection
with the dividend to be paid on July 15, 2024 to shareholders on
record as of June 28, 2024. More details are available on Osisko’s
website at http://osiskogr.com/en/dividends/drip/
Non-registered beneficial shareholders who wish
to participate in the Plan should contact their financial advisor,
broker, investment dealer, bank or other financial institution that
holds their common shares to inquire about the applicable enrolment
deadline and to request enrolment in the Plan. For more information
on how to enroll or any other inquiries, contact our transfer agent
at 1-800-387-0825 (toll-free in Canada) or
shareholderinquiries@tmx.com.
Participation in the Plan does not relieve
shareholders of any liability for taxes that may be payable in
respect of dividends that are reinvested in common shares under the
Plan. Shareholders should consult their tax advisors concerning the
tax implications of their participation in the Plan having regard
to their particular circumstances.
This press release is not an offer to sell or a
solicitation of an offer to buy any securities in the United States
or any other jurisdiction.
About Osisko Gold Royalties
Ltd
Osisko Gold Royalties Ltd is an intermediate
precious metal royalty company which holds a North American focused
portfolio of over 185 royalties, streams and precious metal
offtakes, including 19 producing assets. Osisko’s portfolio is
anchored by its cornerstone asset, a 3-5% net smelter return
royalty on the Canadian Malartic Complex, one of Canada’s largest
gold operations.
Osisko’s head office is located at 1100 Avenue
des Canadiens-de-Montréal, Suite 300, Montréal, Québec,
H3B 2S2.
For further information, please contact Osisko Gold
Royalties Ltd: |
|
Grant MoentingVice President, Capital Markets Tel: (514) 940-0670
#116Mobile: (365) 275-1954Email: gmoenting@osiskogr.com |
Heather TaylorVice President, Sustainability & Communications
Tel: (514) 940-0670 #105Email: htaylor@osiskogr.com |
|
|
Forward-looking statements
Certain statements contained in this press
release may be deemed "forward-looking statements" within the
meaning of applicable Canadian and U.S. securities laws. These
forward-looking statements, by their nature, require the Company to
make certain assumptions and necessarily involve known and unknown
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in these forward-looking
statements. Forward-looking statements are not guarantees of
performance. In this news release, these forward-looking statements
may involve, but are not limited to, comments with respect to the
directors and officers of the Company, information pertaining to
the fact that all conditions for payment of the dividend will be
met and that such dividend will continue to be an “eligible
dividend” as defined in the Income Tax Act (Canada). Words such as
"may", "will", "would", "could", "expect", "believe", "plan",
"anticipate", "intend", "estimate", "continue", or the negative or
comparable terminology, as well as terms usually used in the future
and the conditional, are intended to identify forward-looking
statements. Information contained in forward-looking statements is
based upon certain material assumptions that were applied in
drawing a conclusion or making a forecast or projection, including
that the financial situation of the Company will remain favourable.
The Company considers its assumptions to be reasonable based on
information currently available, but cautions the reader that its
assumptions regarding future events, many of which are beyond the
control of the Company, may ultimately prove to be incorrect since
they are subject to risks and uncertainties that affect the Company
and its business.
For additional information with respect to these
and other factors and assumptions underlying the forward-looking
statements made in this press release, see the section entitled
“Risk Factors” in the most recent Annual Information Form of Osisko
which is filed with the Canadian securities commissions and
available electronically under Osisko’s issuer profile on SEDAR+ at
www.sedarplus.com and with the U.S. Securities and Exchange
Commission and available electronically under Osisko’s issuer
profile on EDGAR at www.sec.gov. The forward-looking information
set forth herein reflects Osisko’s expectations as at the date of
this press release and is subject to change after such date. Osisko
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, other than as required by law.
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