Welcome to our dedicated page for Scully Royalty Ltd. Common Shares news (Ticker: SRL), a resource for investors and traders seeking the latest updates and insights on Scully Royalty Ltd. Common Shares stock.
Scully Royalty Ltd. (NYSE: SRL) is a royalty-based company that focuses on maximizing earnings from its iron ore royalty interests. The company operates through multiple segments, including Royalty, Industrial, and Merchant Banking. The Royalty segment, which is the primary source of revenue, includes interests in an iron ore mine. The Industrial segment is involved in various projects related to resources and services, while the Merchant Banking segment deals with regulated banking activities.
The company's geographical footprint spans several regions, including Canada, Africa, America, Asia, and Europe. Canada contributes the majority of Scully Royalty Ltd.'s revenue, primarily driven by its iron ore royalties.
Recent Achievements and Updates
- On October 13, 2023, it was announced that the operator of the Scully mine had obtained a court order under the Companies' Creditor's Arrangement Act (Canada) ("CCAA") and secured a US$75 million loan facility to continue operations during this restructuring phase.
- On December 11, 2023, Scully Royalty Ltd. published its half-year report for the six months ended June 30, 2023. Stakeholders can access this report on the company’s website or through the U.S. Securities and Exchange Commission's EDGAR database.
- On April 29, 2024, the company filed its Annual Report on Form 20-F, which includes comprehensive updates on the business, assets, and operations. This report is also available on the company’s website and on the SEC's website.
The company remains committed to enhancing shareholder value through strategic management of its royalty interests and other business segments. According to CEO Samuel Morrow, the objective continues to be maximizing earnings and dividends over the long term, particularly in relation to their iron ore royalties.
Investors and stakeholders are encouraged to review the company's latest reports and updates to stay informed about ongoing developments and financial performance.
Scully Royalty (NYSE: SRL) has announced the passing of Indrajit Chatterjee, a valued member of its board of directors since 2017. Mr. Chatterjee served as the Chairman of the Compensation Committee and was a member of the Nominating and Corporate Governance Committee. He was also an Executive Committee member of the Indian National Trust for Art and Cultural Heritage.
The board of directors has expressed deep condolences to Mr. Chatterjee's family and gratitude for his dedication to the company. His long-standing service and thoughtful guidance had a significant impact on Scully Royalty, its board, and management. The company acknowledges the loss of his steady leadership and valuable contributions.
Scully Royalty (NYSE: SRL) has filed its 2023 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The report covers the Company's business, assets, and operations for the year ended December 31, 2023, including audited financial statements and management's discussion and analysis. Shareholders can access the report on the SEC's website or the Company's website, and request a hard copy free of charge. For further information, stakeholders can contact the Company directly.
Scully Royalty Ltd. (NYSE: SRL) has filed its annual report on form 20-F for the year ended December 31, 2022, with the SEC, providing insights on its business performance. The company declared a cash dividend of US$0.17 (C$0.23) per common share, scheduled for payment on May 19, 2023, to shareholders on record as of May 9, 2023, with an ex-dividend date of May 8, 2023. This dividend reflects the recently received royalty payments from its iron ore interest and considers the operational performance of the mine and its operator. Future dividends will depend on royalty payments, financial conditions, and operational results.
Scully Royalty Ltd. (NYSE: SRL) released its Half-Year Report for the period ending June 30, 2022, detailing the company's business performance and operations. Stakeholders are advised to review the complete report for insights. It can be accessed on the company's website and through EDGAR. Shareholders can request a free hard copy by contacting the investor relations team. For inquiries, stakeholders may schedule a conference call with senior management.
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.
Scully Royalty Ltd. (NYSE: SRL) has declared a cash dividend of C$0.33 (US$0.26) per common share, reinforcing its commitment to enhancing shareholder value. This third cash dividend for 2022 will be paid in US dollars on August 26, 2022, to shareholders on record as of August 12, 2022, with an ex-dividend date of August 11, 2022.
This payment is backed by a second quarter royalty income of C$5,889,939 from 923,553 tonnes shipped, net of a 20% mining tax.
Scully Royalty Ltd. (NYSE: SRL) announced the filing of its annual report on Form 20-F and declared a second cash dividend for 2022. The dividend is set at US$0.27 (C$0.34) per share, payable on May 23, 2022, to shareholders of record by May 10, 2022. This decision follows a gross royalty payment of approximately C$11.8 million for the first quarter on 767,630 tonnes shipped, aligning with the company's strategy to enhance shareholder value. Future dividends will depend on royalty payments and financial performance.
Scully Royalty Ltd. (NYSE: SRL) announced its subsidiary, Merkanti Holding plc, has signed a definitive agreement to acquire Sparkasse Holdings, the parent of Sparkasse Bank Malta. Following regulatory approval, a merger is planned to create a larger independent banking institution with a projected combined pro-forma of approximately Euro 60 million in Own Funds, Euro 1.1 billion in total assets, and Euro 8.1 billion in assets under custody. The transaction is expected to enhance Merkanti's scale and operational scope, supporting Scully's focus on maximizing shareholder value through its iron ore royalty interests.
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