Dividend information
Canada Registry
Computershare Investor Services Inc.
100 University Ave., 8th Floor
Toronto, Ontario M5J 2Y1
Tel. North America toll-free: 1-800-564-6253
Tel. International: 1-514-982-7555
Contact Us: Computershare Investor Centre CA
Website: computershare.com.ca
Australia Registry
Computershare Investor Services Pty Ltd
GPO Box 2975
Melbourne Vic 3001
Tel. Australia: 1300 850 505
Tel. International: +61 3 9415 4000
Contact Us: Computershare Investor Centre AU
Website: computershare.com.au
Statement of Dividend Declaration
The board of directors (the “Board”) of Champion Iron Limited (the “Company”) declared an inaugural dividend of $0.10 per ordinary share on January 26, 2022 (Montreal time) / January 27, 2022 (Sydney time), in respect to the semi-annual results for the period ending September 30, 2021. The Board will evaluate any potential future dividends concurrently with the release of the Company’s semi-annual and annual results.
Historical dividend amount declared per ordinary shares
| Payment Date | Record Date | Ex-Dividend Date (TSX) | Ex-Dividend Date (ASX) | Amount |
|---|---|---|---|---|
| November 28, 2024 | November 12, 2024 | November 12, 2024 | November 11, 2024 | C$0.10 |
| July 3, 2024 | June 14, 2024 | June 14, 2024 | June 13, 2024 | C$0.10 |
| November 28, 2023 | November 7, 2023 | November 6, 2023 | November 6, 2023 | C$0.10 |
| July 5, 2023 | June 14, 2023 | June 13, 2023 | June 13, 2023 | C$0.10 |
| November 29, 2022 | November 8, 2022 | November 7, 2022 | November 7, 2022 | C$0.10 |
| June 28, 2022 | June 7, 2022 | June 6, 2022 | June 6, 2022 | C$0.10 |
| March 1, 2022 | February 8, 2022 | February 7, 2022 | February 7, 2022 | C$0.10 |
Currency Information
- Champion Iron Limited reporting currency is the Canadian dollar and the dividends are determined in Canadian dollars.
- Payments to Canadian (TSX:CIA) shareholders will be made in Canadian dollars.
- Payments to Australian (ASX:CIA ) shareholders will be made in Australian dollars, based on the closing exchange rates applicable to Australian dollars five business days prior to the dividend payment date as published by the Bank of Canada.
- Payments to all other shareholders will be made in Canadian dollars.
Dividend Tax Information
- For Australian tax purposes the dividends are expected to be unfranked and to be declared by Champion Iron Limited as conduit foreign income (in whole or in part)
- Pursuant to Canadian tax legislation, CIA dividends are not “eligible dividends”.
- The Company is incorporated in Australia and as the dividend declared is considered a Conduit Foreign Income (“CFI”) it is generally not subject to withholding tax.
- Shareholders should contact their tax specialist for the individual treatment of the CFI received from the Company.
- Pursuant to Canadian tax legislation, Champion’s dividends are considered foreign income and are not subject to the gross-up and dividend tax credit rules for individuals. As such, Champion’s dividends are not considered Canadian « dividends » for tax purposes.
FAQ
Is there an option to use a Dividend Reinvestment Plan (DRIP) for the paid dividends?
Champion Iron Limited does not have an active DRIP at the current moment.
What are dividends ?
The dividend is the amount that directors of a company propose to pay out of the profits of the Company. Dividends can be thought of as the income that shareholders receive from their investment. Dividends are quoted on a per share basis.
When are dividends paid?
The dividends are paid on the “payment date”, to everyone who holds ordinary shares on the announced “record date”.
Are all shareholders eligible to receive a dividend?
All shareholders that hold ordinary shares of the Company as at the record date are eligible for the dividend amount. Ordinary shares will begin trading on an ex-dividend basis at the start of trading in Australia and Canada on the business day immediately prior to the record date.
How to change my dividend payment instructions?
Shareholders can view and update their dividend payment instructions online by visiting the Australian Share Registry’s website at computershare.com.au or the Canadian Share Registry’s website at computershare.com.ca.
