Yamana Gold is proposing a taxable dividend of options to acquire shares of a Yamana gold subsidiary

Yamana Gold is proposing to distribute a part interest in a gold-mining subsidiary (Brio Gold) to its shareholders through a dividend-in-kind of rights to purchase common shares of Brio Gold from Yamana for a specified per-share price. These purchase rights will trade on the TSX. Yamana will be providing its shareholders with its estimate of the value of this dividend.

Neal Armstrong. Summary of Brio Gold preliminary prospectus under Public Transactions - Spin-offs and Distributions - Taxable rights offerings.