Labrador Iron Ore Announces Cash Distribution

Labrador Iron Ore Royalty Corporation (TSX:LIF.UN) reports a regular quarterly cash distribution of $0.50 per stapled unit.

The press release is quoted as saying,

The Directors also declared a special dividend of$0.50 per common share for a total distribution of $0.75 per Stapled Unit. All amounts are payable to holders of record at the close of business on June 30, 2011 and to be paid on July 25, 2011.

For the complete press release, click here.