TORONTO, Mar. 3, 2010 (Canada NewsWire Group) -- /CNW/ -- The Trustees of The Labrador Iron Ore Royalty Income Fund declared today a regular quarterly cash distribution of $0.50 per Trust Unit and a special dividend of $0.25 per Trust Unit payable to holders of record at the close of business on March 31, 2010 and to be paid on April 25, 2010.

For tax purposes, the income from the cash distribution of $0.75 per Trust Unit will be considered to be:

-   Interest income of $0.25
-   Dividend income of $0.50

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