QLT Inc. Announces Completion of US$200 Million Special Cash Distribution to Shareholders

Published: Jun 28, 2013

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VANCOUVER, British Columbia, June 27, 2013 (GLOBE NEWSWIRE) -- QLT Inc. (Nasdaq:QLTI) (TSX:QLT) ("QLT" or the "Company") is pleased to announce that the Company has completed today the previously announced special cash distribution (the "Cash Distribution") in the amount of US$200 million, by way of a reduction of the capital of the Company's common shares (the "Shares"). As a result, QLT's shareholders as of June 24, 2013, the record date for the distribution (the "Record Date"), received a special cash distribution payment of US$3.915283 per Share (the "Distribution Payment"). The Distribution Payment per Share was determined based on the number of issued and outstanding Shares of the Company as of the Record Date. As previously announced, the Distribution Payments to shareholders were made without Canadian withholding taxes of up to 25% being payable, pursuant to an Advance Tax Ruling received from Canadian tax authorities.

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