08:01 PM EDT, 09/11/2025 (MT Newswires) -- Franco-Nevada ( FNV ) overnight Thursday announced that it has reached a settlement with the Canada Revenue Agency, providing for a final resolution of FNV's tax dispute in connection with the reassessments under transfer pricing rules of the 2013 to 2019 taxation years related to income generated by two of the company's wholly-owned foreign subsidiaries, outside of Canada.

Among settlement highlights: the settlement will not require the payment of any tax in Canada on the foreign earnings of Franco-Nevada Barbados and Franco-Nevada Mexico for the 2013 to 2019 taxation years; and the service fee charged by FNV for certain services provided to Franco-Nevada Barbados and Franco-Nevada Mexico will be adjusted to increase the mark-up applied to FNV's cost of providing those services from the current range of 7-20% to 30%. This additional service fee will result in FNV being subjected to Canadian tax on additional income of C$1.4 million in Canada for the 2013 to 2019 taxation years. After the application of non-capital losses, Franco-Nevada ( FNV ) does not anticipate any additional cash taxes will arise in respect of these years as a result of the settlement. Also: transfer pricing penalties reflected in the reassessments will be reversed. The interest charges reflected in the reassessments will be reduced and adjusted consequentially to adjustments; and the settlement is not legally binding on the CRA for years after 2019, however, FNV believes the transfer pricing principles established by the settlement will apply to years after 2019, provided there are no material changes to the facts or law. "We are pleased to reach this settlement with the CRA and believe it is a great outcome for Franco-Nevada ( FNV ) and its shareholders," said Paul Brink, President & CEO of Franco-Nevada ( FNV ). "This settlement provides greater investment certainty for our global growth ambitions and puts the tax dispute behind us."

Elsewhere, Roofing Corp of America, a subsidiary of FirstService Corporation ( FSV ) , a North American player in providing essential property services, announced the addition of Springer-Peterson Roofing & Sheet Metal to its growing portfolio. No financial details were given. FSV did say this transaction is RCA's 15th since inception and expands its footprint in the state of Florida.