Labrador Iron Ore Royalty Corporation Over the course of the fourth quarter of 2016 and January 2017, Osisko sold its 9.8% interest in LIORC. The Company received $113.4 million in proceeds (including $98.2 million in 2016). Since the initial investment in LIORC, the Company received $10.7 million in dividends (including $6.3 million in 2016 and $0.2 million in 2017). A 17.4% 12 return was realized on the investment in LIORC. As Osisko's interest has now been completely liquidated, the Company will not be receiving dividend income going forward.