Scully Royalty Ltd
scullyroyalty.comWhat Do They Do?
Collects royalties on iron ore shipped from the Scully Mine and provides merchant banking services to business customers.
20-F for FY2024, filed Apr 30, 2025Our core asset is a net revenues royalty interest in the Scully Mine located in the Province of Newfoundland and Labrador, Canada. The…View ↗
Merchant BankingView ↗
The Bank does not engage in general retail or commercial banking, but provides specialty banking services, focused on merchant banking, to…View ↗
We believe that our experience and operating structure permit us to respond more rapidly to our clients’ needs than many of our larger…View ↗
Who Are Their Customers?
The Scully Mine operator pays the royalty under a mining sub-lease; the bank serves customers, suppliers and group members, including small and midsized businesses.
20-F for FY2024, filed Apr 30, 2025The royalty is payable by the operator to us pursuant to a mining sub-lease related to the lands on which the mine is situated. This lease…View ↗
The Bank does not engage in general retail or commercial banking, but provides specialty banking services, focused on merchant banking, to…View ↗
We believe that our experience and operating structure permit us to respond more rapidly to our clients’ needs than many of our larger…View ↗
How Are They Changing?
Portfolio focus
The older description covers merchant banking, businesses across industries and geographies, and active proprietary investments; the latest says it is rationalizing underperforming assets to focus on its iron ore royalty.
20-F for FY2021, filed Apr 29, 2022 20-F for FY2024, filed Apr 30, 2025Our board of directors has approved a plan to rationalize various underperforming assets to focus on our core asset, our iron ore royalty.…View ↗
Merchant banking scope
The older description covers merchant banking across multiple geographies and industries; the latest describes regulated merchant banking in Europe through the Bank.
20-F for FY2021, filed Apr 29, 2022In addition, we have two other business segments operating that provide merchant banking and financial services. We specialize in markets…View ↗
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