Business

LABRADOR IRON ORE ROYALTY CORPORATION - 2010 RESULTS OF OPERATIONS

Mar. 3, 2011 (Canada NewsWire Group) -- TORONTO, March 3 /CNW/ - Labrador Iron Ore Royalty Co...

articleLabrador Iron Ore Royalty CorporationMarch 3, 20115/company/labrador-iron-ore-royalty-corp/news/labrador-iron-ore-royalty-corporation-2010-results-of-operations
LABRADOR IRON ORE ROYALTY CORPORATION - 2010 RESULTS OF OPERATIONS

About this update from Labrador Iron Ore Royalty Corporation

[{"type":"text","content":"\n\n\n Mar. 3, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, March 3 /CNW/ - Labrador Iron Ore Royalty Corporation (TSX:\n LIF.UN) announced the results of its operations for the year ended\n December 31, 2010.\n\n\nTo the Holders of Stapled Units of Labrador Iron Ore Royalty\n Corporation  \n\n\nSince inception in 1995, we have reported to our unitholders as an\n income trust. With the 2010 annual report, we are reporting to the\n holders of stapled units (the "Unitholders") as Labrador Iron Ore\n Royalty Corporation ("LIORC" or the "Corporation"). The conversion from\n a trust to a corporation took place with effect on July 1, 2010.\n Stapled units consist of subordinated notes and common shares of LIORC.\n Unitholders will notice differences in the financial statements, in\n that previously the reported income of the trust was also the net\n income to its unitholders. Under the stapled unit arrangement, the\n income of the Unitholders will be the total of the net income of LIORC\n plus the interest from the $248 million LIORC subordinated notes. Thus\n all net income, adjusted cash flow and per unit figures referred to in\n this report use the totals according to the financial statements plus\n (where applicable) the $14,878,000 ($0.468 per stapled unit) interest\n on the subordinated notes for the period July 1 to December 31, 2010.\n\n\nFinancial Performance\n\n\nThe Unitholders' adjusted cash flow (see Management's Discussion ...

More updates from Labrador Iron Ore Royalty Corporation