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M-Spec Industrial Resources Ltd (MTLS) is pleased to announce a 2nd quarter dividend of 10,000 ISK per share, payable on Wednesday, July 10 to shareholders of record as of Sunday, July 7.

During the quarter, share net asset value rose modestly, from 344,500 to 347,700. Shareholder return for the quarter, including dividends, came in at 3.9%. Strong gains in Ice Products and mid-quarter profit taking in select Minerals and Advanced Materials offset heavy down-side pressure in Minerals, Advanced Materials and Planetary Materials late in the quarter to deliver the gain. For the quarter, the Ice Product index rose 27%, while indices for Minerals, Advanced Materials, and Planetary Materials declined 7%, 31% and 25%, respectively.

As compared to the prior year's 2nd quarter, share net asset value (adjusted for dividends) rose from 267,400 to 347,700, an increase of 30%.

As of June 30, M-Spec's assets totaled 386.6 billion ISK, of which 14.0 billion was in cash.

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