Scully Royalty Addresses Proxy Challenge Ahead of Annual Meeting
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Scully Royalty Ltd. is addressing a proxy challenge from MILFAM LLC, which seeks to nominate its own directors to the board. Scully Royalty has declared these nominations invalid due to non-compliance with advance notice provisions and is contesting MILFAM's actions in the Cayman Island Grand Court. The company urges shareholders to support management's nominees using the WHITE proxy. Analyst ratings on SRL stock are mixed, with financial challenges noted, including revenue contraction and negative cash flow.
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