Scully Royalty’s reporting group, holding 1,985,952 common shares and 13.0%, requisitioned an extraordinary general meeting to seek replacements for incumbent directors. The meeting would consider appointing Jerrod Freund, Mark Holliday, Nimesh Patel and Skyler Wichers, with fallback resolutions covering removals and appointments if the initial resolutions prove ineffective.

Key Highlights

  • The requisition was delivered on September 14, 2026 under Article 16.3 of Scully Royalty’s amended and restated articles.
  • The ownership note lists holdings including 48,483 shares through MILFAM LLC and 215,042 through Catherine C Miller Revocable Trust.
  • The reporting group is associated with 1,985,952 Scully Royalty common shares and a reported ownership interest of 13.0%.

Scully Royalty Ltd. (NYSE: SRL) faces a proposed board refresh after members of a reporting group delivered a notice seeking an extraordinary general meeting. The group is associated with 1,985,952 common shares, representing 13.0% of the company’s reported holdings.

Director Nominees Named in Requisition

The notice was delivered on September 14, 2026 under Article 16.3 of Scully Royalty’s amended and restated articles. If the ordinary resolutions were later found ineffective, members would also consider special resolutions removing the incumbent directors and any directors appointed by them between September 14, 2026 and the end of the extraordinary meeting. Ordinary resolutions would then address appointment of the named nominees.

Ownership Group Sets Out Its Holdings

The ownership note identifies shares held through MILFAM LLC, Catherine C. Miller Irrevocable Trust, Catherine C Miller Trust A-3, Catherine C Miller Revocable Trust, Kimberley S. Miller GST Trust, LIMFAM LLC and LIM III Estate LLC. The listed amounts include 48,483, 31,033, 22,456, 215,042, 20,658, 188,687 and 163,005 common shares, respectively. Neil S. Subin signed for himself and in roles including manager, trustee, personal representative and president for members of the reporting group. Dylan Cariero signed for Alimco Re Ltd. as chief executive officer. The notice requires Scully Royalty to proceed with convening the extraordinary general meeting.