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SCULLY ROYALTY PROVIDES UPDATE ON ANNUAL GENERAL MEETING
Scully Royalty contests MILFAM's director nominations as invalid due to missed deadlines, with a court case ongoing to resolve the dispute before the annual meeting.
- On Dec. 12, 2025, Scully Royalty Ltd. said MILFAM's dissident proxy circular and gold proxy are invalid, so votes for MILFAM will not be effective after its Dec. 8, 2025 filing.
- Because MILFAM did not meet advance‑notice nomination requirements and timeline, the Company says its director nominations were not accepted and rejected the dissident proxy circular after MILFAM's notice.
- Shareholders who already voted the gold proxy may still submit the management WHITE proxy, and the Company urges investors to read the proxy statement and vote for the management nominees in the WHITE proxy.
- MILFAM LLC filed a Cayman Islands Grand Court application seeking a declaration that its notice was valid, which Scully Royalty Ltd., the Company, is contesting as an attempt to cause shareholder confusion and meeting disruption.
- Only the management nominees set forth in the Company's proxy statement dated November 28, 2025, are eligible for election at the Annual General Meeting scheduled for December 27, 2025, making voting time-sensitive.
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SCULLY ROYALTY PROVIDES UPDATE ON ANNUAL GENERAL MEETING
NEW YORK, Dec. 12, 2025 /PRNewswire/ -- Scully Royalty Ltd. (the "Company") (NYSE: SRL) provided today an update with respect to its annual general meeting (the "Meeting") currently scheduled for December 27, 2025, following the filing by MILFAM LLC ("MILFAM")…
Coverage Details
Total News Sources64
Leaning Left9Leaning Right4Center23Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 25%
C 64%
11%
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