Third Quarterly Dividend
The third quarterly cash dividend of
Under the Company's dividend policy, the quarterly dividend per common
share will be equal to 20% of the average cash generated by operating
activities in the previous four quarters divided by the Company's
outstanding common shares at the time the dividend is approved, all
rounded to the nearest cent.
The declaration, timing, amount and payment of future dividends remain
at the discretion of the Board of Directors. This dividend qualifies as
an 'eligible dividend' for Canadian income tax purposes.
Dividend Reinvestment Plan
The Company has previously implemented a Dividend Reinvestment Plan
("DRIP"). Participation in the DRIP is optional. For the purposes of
the third quarterly dividend, the Company has elected to issue common
shares under the DRIP through treasury at a 3% discount to the Average
Market Price, as defined in the DRIP. However, the Company may, from
time to time, in its discretion, change or eliminate the discount
applicable to Treasury Acquisitions or direct that such common shares
be purchased in Market Acquisitions at the prevailing market price, any
of which would be publicly announced.
The DRIP and enrollment forms are available for download on the
Company's website at www.silverwheaton.com, accessible by quick links directly from the home page, and can also be
found in the 'investors' section, under the 'dividends' tab.
Registered shareholders may also enroll in the DRIP online through the
plan agent's self-service web portal at: https://www.canstockta.com/en/InvestorServices/Investor_Information/Issuer_List/IssuerDetail.jsp?companyCode=1501.
Beneficial shareholders should contact their financial intermediary to
arrange enrollment. All shareholders considering enrollment in the DRIP
should carefully review the terms of the DRIP and consult with their
advisors as to the implications of enrollment in the DRIP.
This press release is not an offer to sell or a solicitation of an offer
of securities. A registration statement relating to the DRIP has been
filed with the
CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS
The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to the future price of silver or gold, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production (including 2014 and 2018 attributable annual production), costs of production, reserve determination, reserve conversion rates, statements as to any future dividends, the ability to fund outstanding commitments and continue to acquire accretive precious metal stream interests and assessments of the impact and resolution of various legal and tax matters. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, operations, level of activity, performance or achievements of
1 Silver equivalent production forecast assumes a gold/silver ratio of 60:1.