SCULLY ROYALTY ANNOUNCES DETAILS FOR ANNUAL GENERAL MEETING
Annual General Meeting Update: Scully Royalty Ltd. announced its annual general meeting is scheduled for December 27, 2025, amidst a challenge from MILFAM LLC, which filed a dissident proxy circular to nominate its own board candidates.
Invalid Nominations: The Company deemed MILFAM's nominations invalid due to non-compliance with its advance notice provisions, and is contesting MILFAM's application in the Cayman Island Grand Court for a declaration of validity.
Management Nominees: Only the management nominees listed in the Company's proxy statement dated November 28, 2025, are eligible for election at the Meeting, and shareholders are encouraged to vote for these candidates using the management's WHITE proxy.
Voting Rights: Shareholders who previously voted using MILFAM's gold proxy can still change their vote by submitting the management WHITE proxy.
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