<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.
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