TORONTO, April 5 /CNW/ - Labrador Iron Ore Royalty Income Fund announced that Iron Ore Company of Canada today declared a dividend payable on May 31, 2006. The amount to be received by the Fund is U.S.$11.3 million or approximately Cdn.$13.3 million, equating to Cdn.$0.42 per unit of the Fund. %SEDAR: 00002722E