Dividends
Dividends for shares trading on the Toronto Stock Venture Exchange ("TSX-V") will be paid in Canadian dollars.
Canadian Residents
Unless otherwise indicated, common share dividends paid by Majestic Gold Corp. will be designated as "eligible dividends" for Canadian income tax purposes.
Canadian beneficial shareholders who receive dividends outside of an TFSA, RRSP, or RRIF should receive a T5 Supplementary slip from their brokerage firm or intermediary.
Canadian registered shareholders will receive a T5 Supplementary slip from Computershare Investor Services Inc.
The deadline for issuance of T5 Supplementary slips is on or before the last day of February following the calendar year to which the information applies.
Please refer questions regarding the T5 slips directly to your brokerage firm or Computershare Investor Services at 1-800-564-6253. If you have any questions regarding the taxation of eligible dividends, please contact your Canadian tax advisor or your local office of the Canada Revenue Agency.
Non-Canadian Resident Shareholders
Common share dividends paid by Majestic Gold Corp. will be subject to Canadian withholding tax at the rate of 25%, unless the rate is reduced under the provisions of a tax treaty between Canada and the non-resident shareholder's jurisdiction of residence, and any other applicable country of residence tax.
All registered non-Canadian resident shareholders must complete and return Form NR301 to Computershare Investor Services Inc. in order to receive the applicable treaty rate. Failure to complete a Form NR301 will result in Computershare withholding the statutory 25% tax rate on any payments to registered non-Canadian resident shareholders.
Non-Canadian resident shareholders who hold their shares through a broker or a bank, should contact their institution directly to determine whether the withholding tax rate may be reduced pursuant to applicable tax treaties and steps required to qualify for a preferred treaty rate.
If you have any questions regarding the taxation of Canadian dividends in your local jurisdiction, please contact your local tax advisor.