The Corporation has decided to end the practice of designating dividends as either regular or special dividends. Currently, many third-party investor information services do not include special dividends when calculating the Corporation's dividend yield, despite the fact that special dividends have been declared in 23 of the last 32 quarters and have represented over 48% of the total value of dividends declared over that time. By removing the special dividend designation, the Corporation believes that its dividend yield will be more accurately reported by these services in the future.
The Corporation normally pays cash dividends from its net income to the maximum extent possible, subject to the maintenance of appropriate levels of working capital. This change will not affect the total amount of quarterly dividends received by shareholders, which will continue to vary depending on the financial results of
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The Corporation holds a 15.10% equity interest in
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This press release may contain ''forward-looking'' statements that involve risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Words such as ''may'', ''will'', ''expect'', ''believe'', ''plan'', ''intend'', ''should'', ''would'', ''anticipate'' and other similar terminology are intended to identify forward-looking statements. These statements reflect current assumptions and expectations regarding future events and operating performance as of the date of this press release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly, including iron ore price and volume volatility, exchange rates, the performance of
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