Articles from Milfam LLC

Stuart, Florida, Feb. 12, 2026 (GLOBE NEWSWIRE) -- MILFAM LLC (“MILFAM”), on behalf of the Board of Directors (the “Board”) of Scully Royalty Ltd. (NYSE:SRL) (“Scully”), announced that on February 11, 2026, Tacora Resources Inc. (“Tacora”) commenced an interpleader action in the Ontario Superior Court of Justice (“Court”), naming as respondents Scully, 1128349 B.C. Ltd. (“112”), MILFAM and the individual members of the Board to pay the January 2026 royalty payment into the Court. The application was commenced after the former Scully board of directors and management demanded payment from Tacora of a royalty owing under a mining lease to which 112 and Tacora are parties. The Board believes that the demand was made by individuals who lacked lawful authority to do so. The Board had previously sought to safeguard the payment.

Stuart, Florida, Jan. 12, 2026 (GLOBE NEWSWIRE) -- MILFAM LLC (“MILFAM”) announced today that the recently elected board of directors of Scully Royalty Ltd. (the “Company”) (NYSE:SRL) has terminated for cause CEO, CFO, and President Samuel Morrow and rescinded all authority held by Mr. Morrow with respect to the Company and its subsidiaries.  Any action taken by Mr. Morrow or at his direction from this point forward is invalid.  The board of directors will be assuming day to day operations of the Company while it searches for new officers.

Stuart, Florida , Dec. 29, 2025 (GLOBE NEWSWIRE) -- MILFAM LLC (“MILFAM”), a large shareholder of Scully Royalty Ltd. (NYSE:SRL) (the “Company”), has announced that all of its nominees for the Board of Directors (the “Board”) of the Company were elected at the Annual General Meeting of Shareholders of the Company (the “Annual Meeting”) on December 27, 2025. MILFAM’s nominees of Jerrod Freund, Mark Holliday, Alan Howe, Nimesh Patel, and Skyler Wichers each received a majority of the votes cast at the Annual Meeting. The Company’s nominees failed to receive such a majority and therefore were not re-elected.

Stuart, Florida, Dec. 26, 2025 (GLOBE NEWSWIRE) -- MILFAM LLC (“MILFAM”), a large shareholder of Scully Royalty Ltd. (NYSE:SRL) (the “Company”) has announced its intention to proceed with the Annual General Meeting of Shareholders of the Company (the “Annual Meeting”) as scheduled on December 27, 2025.