MILFAM LLC, a major shareholder of Scully Royalty Ltd. (NYSE: SRL), has announced its intention to proceed with the company's Annual General Meeting of Shareholders as scheduled on December 27, 2025, despite an earlier decision by the Board of Directors to postpone the meeting. MILFAM, which manages the assets of the descendants of Lloyd I. Miller Jr., stated that the company's Articles of Association do not grant the Board the authority to delay the Annual Meeting. MILFAM, controlling over 58% of Scully Royalty Ltd.'s outstanding shares for the meeting, plans to elect its slate of nominees to the Board and vote against the re-election of current Board members. The firm has called on the Board to fulfill its fiduciary duties and not to obstruct the proceedings of the meeting. Based on proxies received, a quorum will be present to conduct business at the Annual Meeting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scully Royalty Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9617230) on December 26, 2025, and is solely responsible for the information contained therein.