Labrador Iron Ore Royalty Income Fund - Cash Distribution for the Fourth Quarter of 2007 - $0.35 per Trust Unit and Special Dividend - $0.20 per Trust Unit



    TORONTO, Dec. 13 /CNW/ - The Trustees of The Labrador Iron Ore Royalty
Income Fund declared today a regular quarterly cash distribution of $0.35 per
Trust Unit payable to holders of record at the close of business on
December 29, 2007 and to be paid on January 25, 2008.
    For tax purposes, the income from the cash distribution of $0.35 per
Trust Unit will be considered to be income in 2007 allocated as follows:

    
    -   Interest income of $0.143
    -   Dividend income of $0.207
    

    In addition, the Trustees declared a special dividend of $0.20 per Trust
Unit payable to holders of record at the close of business on December 29,
2007 and to be paid on January 25, 2008. For tax purposes, this distribution
will be considered to be dividend income in 2007.

    %SEDAR: 00002722E




For further information:

For further information: Bruce C. Bone, Chairman & Chief Executive
Officer, (416) 863-7133

Organization Profile

LABRADOR IRON ORE ROYALTY INCOME FUND

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