Scully Royalty Ltd. is facing shareholder activism ahead of its annual general meeting scheduled for December 27, 2025. Dissident shareholder MILFAM LLC has issued a proxy circular proposing five nominees for the company’s board of directors. Scully Royalty Ltd. has challenged the validity of MILFAM’s nominations, arguing they did not comply with the company’s Memorandum and Articles of Association. However, the Grand Court of the Cayman Islands ruled on December 19, 2025, that MILFAM’s notice of nomination was validly delivered within the required timeframe. Scully Royalty Ltd. has stated its intention to appeal this decision. The company has also raised concerns regarding omissions in MILFAM’s proxy materials and is urging shareholders to exercise caution and vote for the management nominees using the WHITE proxy. Shareholders who previously voted using the MILFAM gold proxy are still entitled to submit a new vote with the 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 PR Newswire (Ref. ID: NY52545) on December 22, 2025, and is solely responsible for the information contained therein.
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