Canadian biotech QLT plans US$200-million cash distribution to shareholders

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The corporate logo of Canadian biotechnology company QLT Inc. is shown. THE CANADIAN PRESS/HO

VANCOUVER – QLT Inc. (TSX:QLT) is planning to distribute US$200 million cash to its shareholders, or about US$3.95 per share, assuming it gets shareholder and other approvals. The record date for the special distribution would be June 25.

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