Scully Royalty Faces Shareholder Showdown as Dissident Slate Challenged

Reuters

2025/12/15

<a href="https://laohu8.com/S/SRL">Scully Royalty</a> Faces Shareholder Showdown as Dissident Slate Challenged

Scully Royalty Ltd. is facing shareholder activism ahead of its annual general meeting scheduled for December 27, 2025. MILFAM LLC filed a dissident proxy circular on December 8, 2025, seeking to nominate five individuals to Scully Royalty Ltd.'s board of directors. However, the company stated that MILFAM did not comply with the advance notice provisions required for director nominations, making the nominations invalid. Scully Royalty Ltd. has informed shareholders that only the management nominees listed in its proxy statement are eligible for election at the meeting. MILFAM has taken the matter to the Cayman Island Grand Court, seeking a declaration that its notice is valid, while the company is contesting this application. The company advised that votes cast using MILFAM's gold proxy will not be effective and encouraged shareholders to vote using the management's white proxy.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-120761), on December 15, 2025, and is solely responsible for the information contained therein.

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MILFAM LLC filed a dissident proxy circular on December 8, 2025, seeking to nominate five individuals to Scully Royalty Ltd.'s board of directors. However, the company stated that MILFAM did not comply with the advance notice provisions required for director nominations, making the nominations invalid. Scully Royalty Ltd. has informed shareholders that only the management nominees listed in its proxy statement are eligible for election at the meeting. MILFAM has taken the matter to the Cayman Island Grand Court, seeking a declaration that its notice is valid, while the company is contesting this application. The company advised that votes cast using MILFAM's gold proxy will not be effective and encouraged shareholders to vote using the management's white proxy.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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MILFAM LLC filed a dissident proxy circular on December 8, 2025, seeking to nominate five individuals to Scully Royalty Ltd.'s board of directors. However, the company stated that MILFAM did not comply with the advance notice provisions required for director nominations, making the nominations invalid. Scully Royalty Ltd. has informed shareholders that only the management nominees listed in its proxy statement are eligible for election at the meeting. MILFAM has taken the matter to the Cayman Island Grand Court, seeking a declaration that its notice is valid, while the company is contesting this application. The company advised that votes cast using MILFAM's gold proxy will not be effective and encouraged shareholders to vote using the management's white proxy.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-120761), on December 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投資銀行業與經紀業","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251215:nNDL7KG15Z:1","article_id":"2591264335","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2591264335","pubTimestamp":1765797973,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Scully Royalty Ltd. is facing shareholder activism ahead of its annual general meeting scheduled for December 27, 2025. MILFAM LLC filed a dissident proxy circular on December 8, 2025, seeking to nominate five individuals to Scully Royalty Ltd.'s board of directors. However, the company stated that MILFAM did not comply with the advance notice provisions required for director nominations, making the nominations invalid. Scully Royalty Ltd. has informed shareholders that only the management nominees listed in its proxy statement are eligible for election at the meeting. MILFAM has taken the matter to the Cayman Island Grand Court, seeking a declaration that its notice is valid, while the company is contesting this application. 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Scully Royalty Ltd. has informed shareholders that only the management nominees listed in its proxy statement are eligible for election at the meeting. MILFAM has taken the matter to the Cayman Island Grand Court, seeking a declaration that its notice is valid, while the company is contesting this application. The company advised that votes cast using MILFAM's gold proxy will not be effective and encouraged shareholders to vote using the management's white proxy.\n      \n\nDisclaimer: 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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-120761), on December 15, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}