Stock Exchange Listing TSX - LIF

2016 Second Quarter Report
Labrador Iron Ore Royalty Corporation (“LIORC”) is a Canadian corporation resulting from the conversion of Labrador Iron Ore Royalty Income Fund (the “Fund”) under an Arrangement effective July 1, 2010. It holds a 15.10% equity interest in Iron Ore Company of Canada (“IOC”) directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited (Hollinger-Hanna), and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.

Investment Highlights

Year ended December 31 2015 2014
($ in millions except per share information)
Revenue 101.7 117.5
Net Income   54.7 104.1
Adjusted Cash Flow [1][2]   56.2 113.6
Net Income per share $0.85 $1.63
Adjusted Cash Flow per share [1][2] $0.88 $1.77
Cash Distributions per share $1.00 $1.650
[1] See Management’s Discussion & Analysis for definition.
[2] 2014 Includes IOC dividends totaling $48.1 million or $0.75 per share.

All amounts in CAD unless otherwise noted.