SCULLY ROYALTY CORRECTS RECORD REGARDING POSTPONED ANNUAL GENERAL MEETING

Scully Royalty Ltd. (NYSE: SRL) has issued a statement detailing the postponement of its annual general meeting (AGM) in light of ongoing legal proceedings concerning nominations made by MILFAM LLC. On December 29, 2025, the company clarified that its board of directors decided to delay the meeting to facilitate a hearing before the Cayman Islands Court of Appeal. This hearing will address the legitimacy of prior notices regarding director nominations from MILFAM.

In response to MILFAM's recent press release, which indicated its intention to proceed with the AGM independently and assert control over the board of directors through its nominated individuals, Scully Royalty has strongly contested these assertions. The Company emphasized that MILFAM's actions were invalid and reiterated its plans to reserve all rights against MILFAM and those associated with their nominations.

Scully Royalty reassured its shareholders that no AGM has taken place and that the existing board of directors continues to operate as normal. Additionally, the Company advised shareholders to rely solely on official communications from Scully Royalty for accurate information regarding the AGM, including any updates on its rescheduling.

This development highlights the ongoing tensions between Scully Royalty and MILFAM, underscoring the importance of adhering to governance protocols within corporate frameworks. As shareholders navigate this situation, the Company remains committed to transparency and legal compliance while reinforcing its authority over board matters.

For further details, shareholders may refer to the official communications directly from Scully Royalty, ensuring they are informed of the situation as it evolves.

Scully Royalty Ltd. (NYSE: SRL) recently released a clarification regarding the postponement of its annual general meeting (AGM), amidst escalating tensions with MILFAM LLC. Understanding the implications of this situation is crucial for current and prospective investors.

The board's decision to postpone the AGM centers around a legal dispute concerning the validity of MILFAM’s proposed nominations. This raises potential concerns about governance and stability within Scully Royalty. For investors, this is a significant moment that could impact shareholder value and company direction, depending on the outcome of the court proceedings.

From a market perspective, it is advisable for investors to remain vigilant and closely monitor updates from Scully regarding the timing of the rescheduled AGM and any developments surrounding the legal dispute. The current board's confirmation that it remains in place may provide some temporary reassurance, but uncertainty persists as MILFAM appears determined to pursue its agenda.

Moreover, investors should assess their risk tolerances; the ongoing situation could affect stock volatility. Since shareholders are advised to rely solely on official communications from the company, maintaining awareness of these updates could provide insights into potential strategic shifts or management directives.

In the interim, cautious investors may want to consider maintaining or slightly adjusting their positions based on their own risk assessment until there is clarity surrounding the company's leadership and strategic direction post-hearing. Overall, while Scully Royalty remains a player in the markets, its current governance challenges create an environment where due diligence, risk management, and responsiveness to emerging news will be key for shareholder interests.