SPROTT INC. DECLARES SPECIAL DIVIDEND
January 10 2011 - 7:00AM
PR Newswire (Canada)
TORONTO, Jan. 10 /CNW/ -- TORONTO, Jan. 10 /CNW/ - Sprott Inc.
(TSX: SII) today declared an interim special eligible dividend of
$0.60 per common share for the year ended December 31, 2010,
payable on February 3, 2011 to shareholders of record at the close
of business on January 19, 2011. The Company expects that, once its
annual financial statements have been audited and approved by the
Board of Directors, that the Board of Directors will resolve to
have the Company pay out, by way of special dividend to its
shareholders, an additional amount, which, together with the
interim special dividend declared today, will represent most of the
Performance Fees (net of related bonuses, expenses and taxes)
earned for the year. Non-GAAP Financial Measures This press release
includes financial terms (including Performance Fees) that the
Company utilizes to assess the financial performance of its
business that are not measures recognized under Canadian generally
accepted accounting principles ("GAAP"). These non-GAAP measures
should not be considered alternatives to performance measures
determined in accordance with GAAP and may not be comparable to
similar measures presented by other issuers. For additional
information regarding the Company's use of non-GAAP measures,
including the calculation of these measures, please refer to the
"Non-GAAP Financial Measures" section of the Company's Management's
Discussion and Analysis and its financial statements available on
the Company's website at www.sprottinc.com and on SEDAR at
www.sedar.com. Forward-Looking Statements This release contains
"forward-looking statements" which reflect the current expectations
of the Company. These statements reflect management's current
beliefs with respect to future events and are based on information
currently available to management. Forward-looking statements
involve significant known and unknown risks, uncertainties and
assumptions. Many factors could cause actual results, performance
or achievements to be materially different from any future results,
performance or achievements that may be expressed or implied by
such forward-looking statements including, without limitation,
those listed under the heading "Risk Factors" in the Company's
annual information form dated March 30, 2010. Should one or more of
these risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual
results, performance or achievements could vary materially from
those expressed or implied by the forward-looking statements
contained in this release. These forward-looking statements are
made as of the date of this release and the Company does not assume
any obligation to update or revise them to reflect new events or
circumstances. About Sprott Inc. Sprott Inc. is a leading
independent asset manager dedicated to achieving superior returns
for its clients over the long term. The Company currently operates
through three business units: Sprott Asset Management LP, Sprott
Private Wealth LP and Sprott Consulting LP. Sprott Asset
Management is the investment manager of the Sprott family of mutual
funds and hedge funds and discretionary managed accounts; Sprott
Private Wealth provides wealth management services to high net
worth individuals; and Sprott Consulting provides management,
administrative and consulting services to other companies,
including Sprott Resource Corp. (TSX: SCP) and Sprott Resource
Lending Corp. (TSX: SIL) (NYSE AMEX: SILU). Sprott Inc. is
headquartered in Toronto, Canada, and is listed on the Toronto
Stock Exchange under the symbol "SII". For more information on
Sprott Inc., please visit www.sprottinc.com. To view this news
release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/January2011/10/c9279.html
pInvestor contact information: (416) 203-2310 or 1 (877) 403-2310
or a href="mailto:ir@sprott.com"ir@sprott.com/a/p
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