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 in accordance with its cash dividend policy.

Here are the main details of the second cash dividend of 2022:

• The dividend of $0.27 (CAD$0.34) per common share will be paid in U.S. 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 has approved a cash dividend policy as part of the Company’s focus on enhancing shareholder value through cash distributions to its shareholders based on its iron ore royalty. In determining the amount of the dividend, the Company took into account the first quarter gross royalty payment of approximately 11.8 million Canadian dollars on 767,630 tonnes shipped, before corporate and mining taxes, and general and administrative expenses of the Company for the period.

The declaration, timing and payment of future dividends will depend on, among other things, royalty payments received, the financial condition and results of operations of the Company.

We welcome all your questions and look forward to discussing our operations, results and plans with stakeholders. Further away:

• stakeholders are encouraged to read the Company’s full annual report, which includes its audited financial statements and management’s report, for the year ended December 31, 2021, for a better understanding of the Company’s business and operations; and
• direct any questions about the company and the information contained in its annual report on Form 20-F to the company’s North American toll-free line at 1 (844) 331 3343 or by e-mail [email protected] schedule a conference call with senior management of the Company.

A copy of the Company’s annual report on Form 20-F for the fiscal year ended the 31st of December2021, the audited financial statements contained therein are 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 paper copy of this document free of charge by contacting the Company by e-mail or by telephone as indicated above.

SOURCEScully Royalty Ltd.