6-K
Scully Royalty Ltd. (SRL)
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2022
Commission File No.: 001-04192
(Translation of Registrant's name into English)
Unit 803, Dina House, Ruttonjee Centre, 11 Duddell Street, Central, Hong Kong SAR, China
(Address of office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
| x Form 20-F | ¨ Form 40-F |
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Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's “home country”), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
SIGNATURES
Pursuant to the requirements of the SecuritiesExchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
SCULLY ROYALTY LTD.
| By: | /s/ Samuel Morrow |
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| Samuel Morrow | |
| Chief Executive Officer and Chief Financial Officer | |
| Date: | April 29, 2022 |
Exhibit 99.1
Scully Royalty Ltd.
1 (844) 331 3343
SCULLY ROYALTY LTD. PROVIDES CORPORATE UPDATE,FILES ITS 2021 ANNUAL
REPORT ON FORM 20-F AND DECLARES ITS SECOND2022 CASH DIVIDEND
HONG KONG (April 29, 2022) 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<br>of record on May 10, 2022. |
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| - | The ex-dividend date will be May 9, 2022. As previously announced, the board of directors approved a cash<br>dividend policy in connection with the Company's focus on enhancing shareholder value through cash distributions to its shareholders based<br>upon its iron ore royalty. In setting the amount of the dividend, the Company took into account gross first quarter royalty payment of<br>approximately C$11.8 million on 767,630 tonnes shipped, before the application of corporate and mining taxes, and the Company's general<br>and administrative expenses for the period. |
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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 |
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| - | 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 [email protected] 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.