Scully Royalty Challenges MILFAM's Board Nomination Validity Ahead of AGM
Scully Royalty Ltd. provided an update with respect to its annual general meeting scheduled for December 27, 2025, and responds to "material misrepresentations" contained in the dissident proxy circular issued by MILFAM LLC purporting to nominate five individuals to the company's board of directors. The company believes that MILFAM failed to comply with the requirements for director nominations prescribed by the company's Memorandum and Articles of Association, including the required timeline for submission of nominations. As previously announced, MILFAM made application to the Grand Court of the Cayman Islands seeking a declaration that its notice was valid. On December 19, 2025, the Grand Court issued an order declaring that the notice of nomination was validly delivered within the time period set out in, and in compliance with, the requirements as to timing contained in Article 20.2 of the Articles. The company believes the decision is incorrect at law and intends to appeal it to the Cayman Islands Court of Appeal for a hearing to be heard as soon as possible. "Despite our multiple demands, MILFAM continues to keep this material information from shareholders. We question why and ask what else are they and their disclosed and undisclosed joint actors hiding?"
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Scully Royalty Ltd. Releases Half-Year Report for 2025
- Report Release: Scully Royalty Ltd. has published its half-year report detailing the company's performance for the six months ended June 30, 2025, reflecting its commitment to transparency and information disclosure.
- Information Access: The report is available on the company's website and EDGAR platform, facilitating easy access for investors and stakeholders, thereby enhancing communication between the company and its investors.
- Future Outlook: The company welcomes questions from stakeholders, demonstrating a proactive approach to investor engagement aimed at strengthening trust relationships.
- Business Updates: The half-year report includes updates on company operations and future plans, indicating the company's ability to remain agile in a changing market environment.
Scully Royalty Ltd. Releases Half-Year Report for H1 2025 with Financial Updates
- Report Release: Scully Royalty Ltd. has published its half-year report for the six months ended June 30, 2025, providing updates on the company's business to enhance stakeholder understanding of operations.
- Financial Transparency: The report includes unaudited financial statements and management's discussion and analysis, encouraging stakeholders to read the entire document for deeper insights, thereby improving communication between the company and investors.
- Communication Channels: The company has provided a North American toll-free line and email contact for stakeholders to inquire about the report's content, reflecting its commitment to transparency and open communication.
- Future Outlook: Through this report, Scully Royalty Ltd. aims to establish closer ties with stakeholders to better discuss future operations and strategic plans.
