Schedule 13D - Activist Investments
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An amended Schedule 13D filing reveals a group of reporting persons, including Peter Kellogg and Charles Kellogg, collectively beneficially own approximately 35.5% of Scully Royalty Ltd. common shares.
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A group of shareholders, including MILFAM LLC and related entities, has filed an amendment to their Schedule 13D, detailing their beneficial ownership and ongoing discussions regarding the governance of Scully Royalty Ltd.
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MILFAM LLC's slate of five nominees was successfully elected to the Board of Directors of Scully Royalty Ltd. at the Annual General Meeting on December 27, 2025, despite the company's attempt to postpone the meeting.
Delay expected
Better than expected
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The Grand Court of the Cayman Islands ruled that MILFAM LLC's director nomination for Scully Royalty Ltd. was valid and compliant.
Better than expected
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A significant shareholder group, led by Neil S. Subin and MILFAM LLC, is challenging Scully Royalty Ltd.'s board, nominating five directors and alleging false statements in a recent SEC filing.
Worse than expected
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SCHEDULE 13D/A: MILFAM Launches Proxy Battle for Scully Royalty Board Seats
Shareholder MILFAM LLC, holding 13.0% of Scully Royalty Ltd., is initiating a proxy solicitation to replace the entire Board of Directors, citing significant underperformance and governance issues.
Worse than expected