SCULLY ROYALTY LTD. ANNOUNCES CASH DIVIDEND

Scully Royalty Ltd. (NYSE: SRL) announced a cash dividend of C$0.21 (US$ 0.16) per common share, marking its fourth dividend payment of 2022.

Rhea-AI Summary

Scully Royalty Ltd. (NYSE: SRL) announced a cash dividend of C$0.21 (US$ 0.16) per common share, marking its fourth dividend payment of 2022. This dividend will be paid in US Dollars on December 6, 2022, to shareholders of record on November 22, 2022, with an ex-dividend date set for November 21, 2022. The Company emphasizes that future dividends will depend on royalty payments and financial performance, reinforcing its commitment to maximizing shareholder value.

Positive

• Dividend of C$0.21 (US$0.16) per share enhances shareholder return.
• Continued focus on maximizing earnings and dividends.

Negative

• Future dividend payments are contingent on royalty revenues, indicating potential instability.

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HONG KONG, Nov. 10, 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 C$0.21 (US$ 0.16) per common share pursuant to its cash dividend policy, which was implemented in connection with the Company's focus on enhancing shareholder value and maximizing earnings and dividends to its shareholders based upon its iron ore royalty.

The Company is pleased to announce the following details with respect to the fourth cash dividend of 2022:

• The dividend of C$0.21 (US$0.16) per common share will be paid in US Dollars on December 6, 2022 to shareholders of record on November 22, 2022. The ex-dividend date will be November 21, 2022.

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

Scully Royalty Ltd. Stakeholder Communications

Scully Royalty Ltd. management welcomes any questions you may have and looks forward to discussing this announcement with stakeholders. Further:

• stakeholders are encouraged to read our entire annual report, which includes our audited financial statements and management's discussion and analysis, for the year ended December 31, 2021, for a greater understanding of our business and operations; and
• direct any questions regarding the information in this news release to our North American toll-free line at 1 (844) 331 3343 or email info@scullyroyalty.com to book a conference call with our senior management.

View original content:https://www.prnewswire.com/news-releases/scully-royalty-ltd-announces-cash-dividend-301675070.html

SOURCE Scully Royalty Ltd.

FAQ

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What is the cash dividend amount declared by Scully Royalty Ltd. for 2022?

Scully Royalty Ltd. declared a cash dividend of C$0.21 (US$0.16) per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on December 6, 2022.

What is the ex-dividend date for the cash dividend?

The ex-dividend date is November 21, 2022.

Who is eligible to receive the cash dividend?

Shareholders of record on November 22, 2022, are eligible to receive the dividend.

How does Scully Royalty Ltd. determine future dividend payments?

Future dividends will depend on royalty payments and the Company's financial performance.