MILFAM Pushes for Scully Royalty's Annual Meeting to Proceed as Scheduled
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 26 2025
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Source: Globenewswire
- Annual Meeting Progress: MILFAM LLC has announced its intention to hold Scully Royalty Ltd.'s Annual General Meeting 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 company's outstanding shares, ensuring a quorum at the Annual Meeting to conduct business, allowing them to elect their slate of nominees and vote against the re-election of current Board members.
- Call for Collaboration: MILFAM invites the Board to work collaboratively and in good faith to ensure the proper conduct of the Annual Meeting, demanding that a company representative be present to record the minutes, emphasizing that any obstruction will be seen as a further breach of duty by the Board.
- Shareholder Will: MILFAM stresses that the Board must comply with its fiduciary duties and cease blocking the will of the majority of shareholders, aiming to uphold shareholder rights and enhance transparency 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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