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Scully Royalty bans shareholder reimbursements without 75% approval to protect company resources.

Company Fundamentals
12 Jul 2026
TheNewswire
View Source
Neutral
pluang ai news

Scully Royalty Ltd.'s Board of Directors has implemented a new policy that prohibits the company from reimbursing or funding shareholder costs unless approved by at least 75% of voting shareholders. This policy aims to preserve company resources and prevent indirect funding of shareholder activities. Exceptions require full disclosure and strict accounting compliance. The policy can only be changed by the Board with a 60-day public notice. This move follows the recent resumption of the company's stock trading on the NYSE.

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