HONG KONG, August 1, 2022 /PRNewswire/ — Scully Royalty Ltd. (the “Company”) (NYSE: SRL). The Company is pleased to announce that its Board of Directors has declared a cash dividend of CA$0.33 ($0.26) per common share in accordance with its cash dividend policy, which was implemented as part of the Company’s focus on enhancing shareholder value and maximizing profits and dividends for its shareholders based on its iron ore royalty.

The Company is pleased to announce the following details regarding the third cash dividend of 2022:

  • The dividend of CA$0.33 ($0.26) per common share will be paid in U.S. dollars on August 26, 2022 to shareholders of record on August 12, 2022. The ex-dividend date will be August 11, 2022
  • This payment is based on our second quarter 2022 royalty of CA$5,889,939 on 923,553 tonnes shipped, which is gross of a 20% provincial mining tax.
    The declaration, timing and payment of future dividends will depend on, among other things, royalty payments received, the financial and operating results of the Company.

Scully Royalty Ltd. Communications with stakeholders

The management of Scully Royalty Ltd. welcomes all your questions and looks forward to discussing this announcement with stakeholders. Further away:

– stakeholders are encouraged to read our full annual report, which includes our audited financial statements and management report, for the year ended December 31, 2021, for a better understanding of our business and operations; and

– direct any questions regarding the information in this press release to our North American toll-free line at 1 (844) 331 3343 or by email [email protected] to book a conference call with our senior management.

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