MILFAM Asserts Annual Meeting on Schedule, Controls Over 58% of Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 26 2025
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Source: Newsfilter
- Annual Meeting Confirmation: MILFAM LLC has announced its intention to hold the Annual General Meeting of Scully Royalty Ltd. on December 27, 2025, as scheduled, despite the Board's previous attempt to postpone it, which is not permitted under the company's Articles of Association.
- Shareholder Control: MILFAM and its proxies currently control over 58% of the outstanding shares, positioning them to elect their slate of nominees to the Board and vote against the re-election of current Board members, thereby influencing corporate governance.
- Compliance Demands: MILFAM urges the Board to fulfill its fiduciary duties and cease obstructing the majority shareholders' will, ensuring that the meeting proceeds smoothly and that the venue remains accessible to all shareholders.
- Collaborative Approach: MILFAM invites the company to work together to ensure the proper conduct of the Annual Meeting and requests a company representative to be present to record the minutes, emphasizing the importance of transparency and compliance in corporate governance.
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About SRL
Scully Royalty Ltd is a company principally generates revenue from its royalty interest in iron ore mine. The Company operates its business through three segments. The Royalty segment holds a net revenues royalty interest in iron ore shipped from the mine. The Merchant Banking segment provides specialty banking services, focused on merchant banking, to our customers, suppliers and group members. All Other segment includes other assets unrelated to its primary segments and otherwise not individually material.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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