Financial discipline and protection of capital structure are enduring hallmarks of Altius business plan and serves as the platform for its continued growth. Altius balances its capital allocation between debt repayment, shareholder capital returns (via dividends or share buybacks), direct royalty acquisition opportunities and low cost exploration initiatives.
Officers and directors of the company hold approximately 6.3% of the issued and outstanding shares (as of March 2020), providing powerful incentive to those at the helm to continue to enhance the shareholder value of the business. The Company also has a continual Normal Course Issuer Bid ("NCIB").
|Market Facts||As of May 11, 2020|
|Common Shares Issued/Outstanding||41,810,296|
|Fairfax Preferred Shares||10,000,000|
|Fairfax warrants (@$15)||6,670,000|
|Annual Dividend||$0.20 per share|
|Total Debt||$155 million|