Scully Royalty Ltd. announced that its board of directors has declared a cash dividend of CAD 0.21 (USD 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 dividend 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.