HONG
KONG, April 29, 2022 /PRNewswire/ -- Scully
Royalty Ltd. (the "Company") (NYSE: SRL) is pleased to
announce that it has filed its annual report on form 20-F with the
Securities and Exchange Commission which also provides an update on
various corporate actions. In addition, the Company announces
that its board of directors has declared its second cash dividend
pursuant to its cash dividend policy.
The following are the key details of second cash dividend of
2022:
- The dividend of US$0.27
(C$0.34) per common share will be
paid in US dollars on May 23, 2022 to
shareholders of record on May 10,
2022.
- The ex-dividend date will be May 9,
2022. As previously announced, the board of directors
approved a cash dividend policy in connection with the Company's
focus on enhancing shareholder value through cash distributions to
its shareholders based upon its iron ore royalty. In setting the
amount of the dividend, the Company took into account gross first
quarter royalty payment of approximately C$11.8 million on 767,630 tonnes shipped, before
the application of corporate and mining taxes, and the Company's
general and administrative expenses for the period.
The declaration, timing and payment of future dividends will
depend on, among other things, royalty payments received, the
Company's financial condition and operating results.
We welcome any questions you may have and look forward to
discussing our operations, results and plans with stakeholders.
Further:
- stakeholders are encouraged to read the Company's entire annual
report, which includes its audited financial statements and
management's discussion and analysis, for the year ended
December 31, 2021, for a greater
understanding of the Company's business and operations.; and
- direct any questions regarding the Company and the information
in its annual report on Form 20-F to the Company's North American
toll-free line at 1 (844) 331 3343 or email info@scullyroyalty.com
to book a conference call with the Company's senior
management.
A copy of the Company's annual report on Form 20-F for the year
ended December 31, 2021,
audited financial statements contained therein is available under
the Company's profile at www.sec.gov and on the Company's website
at www.scullyroyalty.com. Shareholders of the Company may, upon
request, receive a hard copy of such document free of charge by
contacting the Company by email or telephone as set forth
above.
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SOURCE Scully Royalty Ltd.