Mr. Sean Roosen reports
OSISKO DECLARES 17TH CONSECUTIVE QUARTERLY DIVIDEND
Osisko Gold Royalties Ltd. will pay a fourth quarter 2018 dividend of five cents per common share. The dividend will be paid on Jan. 15, 2019, to shareholders of record as of the close of business on Dec. 31, 2018.
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 Dec. 31, 2018. This dividend is an "eligible dividend" as defined in the Income Tax Act (Canada).
Sean Roosen, chair and chief executive officer of Osisko, noted: "With the declaration of the 17th consecutive quarterly dividend, we are pleased to return a significant portion of our operating cash flow to our owners. With the payment of this dividend, we will have distributed approximatively $78.5-million since 2014."
The company also wishes to remind its shareholders that it has implemented a dividend reinvestment 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 Jan. 15, 2019, to shareholders on record as of Dec. 31, 2018. If a shareholder elects to participate in the plan, the company will issue to the shareholder, in lieu of a cash dividend, common shares from treasury at a 3-per-cent discount to the weighted average price of the common shares during the five trading days immediately preceding the dividend payment date. Participation in the plan is optional and will not affect a shareholders' cash dividends if the shareholder elects not to participate in the plan. Quarterly dividends are only payable as and when declared by Osisko's board of directors.
A complete copy of the plan and the enrolment form are available on Osisko's website. Shareholders should carefully read the complete text of the plan before making any decisions regarding their participation in the plan. Non-registered beneficial shareholders who wish to participate in the plan should contact their financial adviser, 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 the agent at 1-800-387-0825 (toll-free in Canada) orinquiries@canstockta.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.
About Osisko Gold Royalties Ltd
Osisko Gold Royalties is an intermediate precious metal royalty company that holds a North American-focused portfolio of over 130 royalties, streams and precious metal off-takes.
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