EXHIBIT 8.1
SCULLY ROYALTY LTD.
LIST OF SIGNIFICANT SUBSIDIARIES AS AT DECEMBER 31, 2023
Subsidiaries |
| Country of Incorporation |
| Proportion of |
| | | | |
Merkanti Holding plc. | | Malta | | 99.96% |
1178936 B.C. Ltd. | | Canada | | 100% |
Merkanti (A) International Ltd. | | Malta | | 99.96% |
Merkanti (D) International Ltd. | | Malta | | 99.96% |
Note:
(1) | Our proportional voting interests are identical to our proportional beneficial interests, except that we hold a 99.68% proportional beneficial interest in each of Merkanti (A) International Ltd. and Merkanti (D) International Ltd. |