Business
SPROTT INC. DECLARES SPECIAL DIVIDEND
Jan. 10, 2011 (Canada NewsWire Group) -- TORONTO, Jan. 10 /CNW/ - Sprott Inc. (TSX: SII) toda...
About this update from Sprott Inc.
[{"type":"text","content":"\n\n\n\n Jan. 10, 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, Jan. 10 /CNW/ - Sprott Inc. (TSX: SII) today declared an\n interim special eligible dividend of $0.60 per common share for the\n year ended December 31, 2010, payable on February 3, 2011 to\n shareholders of record at the close of business on January 19, 2011.\n\n\nThe Company expects that, once its annual financial statements have been\n audited and approved by the Board of Directors, that the Board of\n Directors will resolve to have the Company pay out, by way of special\n dividend to its shareholders, an additional amount, which, together\n with the interim special dividend declared today, will represent most\n of the Performance Fees (net of related bonuses, expenses and taxes)\n earned for the year.\n\n\nNon-GAAP Financial Measures\n\n\nThis press release includes financial terms (including Performance Fees)\n that the Company utilizes to assess the financial performance of its\n business that are not measures recognized under Canadian generally\n accepted accounting principles ("GAAP"). These non-GAAP measures should\n not be considered alternatives to performance measures determined in\n accordance with GAAP and may not be comparable to similar measures\n presented by other issuers. For additional information regarding the\n Company's use of non-GAAP measures, including the calculation of these\n measures, please refer to the "Non-GAAP Financial Measures" section of\n the Comp...