Scully Royalty Ltd. Sees 13D/A Filing with Miller Family Trusts
Ticker: SRL · Form: SC 13D/A · Filed: Oct 8, 2024 · CIK: 16859
| Field | Detail |
|---|---|
| Company | Scully Royalty Ltd. (SRL) |
| Form Type | SC 13D/A |
| Filed Date | Oct 8, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, trusts
TL;DR
Miller family trusts filed 13D/A for Scully Royalty Ltd. - potential ownership change.
AI Summary
On October 8, 2024, a SC 13D/A filing was made concerning Scully Royalty Ltd. The filing lists numerous group members, including various trusts and entities associated with the Miller family, such as Catherine C. Miller Estate and Llyod I. Miller III Irrevocable Trust. The filing indicates a change in beneficial ownership as of October 8, 2024.
Why It Matters
This filing signals a potential shift in control or significant stakeholding in Scully Royalty Ltd. by entities linked to the Miller family, which could impact the company's strategic direction.
Risk Assessment
Risk Level: medium — Filings like this can indicate activist investor intentions or significant ownership changes, which may lead to volatility or strategic shifts.
Key Players & Entities
- Scully Royalty Ltd. (company) — Subject Company
- ALIMCO RE LTD. (company) — Group Member
- CATHERINE C MILLER ESTATE (company) — Group Member
- CATHERINE C MILLER REVOCABLE TRUST (company) — Group Member
- CATHERINE C. MILLER IRREVOCABLE TRUST DTD 3/26/91 (company) — Group Member
- LLOYD I. MILLER, III IRREVOCABLE TRUST DTD 12/31/91 (company) — Group Member
- MFC Industrial Ltd. (company) — Former Company Name
FAQ
What is the primary purpose of this SC 13D/A filing for Scully Royalty Ltd.?
The filing is an amendment to a Schedule 13D, typically used to report changes in beneficial ownership of a public company's securities.
Who are the main entities filing this amendment?
The filing lists numerous group members, including various trusts and entities associated with the Miller family, such as ALIMCO RE LTD., CATHERINE C MILLER ESTATE, and LLOYD I. MILLER, III IRREVOCABLE TRUST DTD 12/31/91.
When was the date of the change of control or beneficial ownership reported in this filing?
The date as of which the change occurred is 20241008.
What was Scully Royalty Ltd. previously known as?
Scully Royalty Ltd. was formerly known as MFC Industrial Ltd. (name change effective 20110930) and MFC BANCORP LTD. (name change effective 20160216).
Where is Scully Royalty Ltd.'s business address located?
Scully Royalty Ltd.'s business address is located at Room 2103 Shanghai Mart Tower, 2299 Yan An Road West, Changning District, Shanghai, F4, 200336.
Filing Stats: 4,872 words · 19 min read · ~16 pages · Grade level 14.4 · Accepted 2024-10-08 21:45:31
Key Financial Figures
- $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
Filing Documents
- ea0217099-13da1subin_scully.htm (SC 13D/A) — 423KB
- ea021709901ex99-1_scully.htm (EX-99.1) — 20KB
- 0001213900-24-086375.txt ( ) — 445KB
Identity and Background
Item 2. Identity and Background (a), (b), (c) and (f) of Item 2 of the Original Schedule 13D are amended as follows: (a), (b), (c) and (f). This statement is filed by: (i) Mr. Subin, whose principal business address is 2336 SE Ocean Blvd, Suite 400, Stuart, Florida 34996. Mr. Subin’s principal occupation is investing assets held, among others, by or on behalf of or for the benefit of the Miller Entities and other entities. Mr. Subin is a United States citizen. (ii) MILFAM LLC, whose principal executive offices are located at 2336 SE Ocean Blvd, Suite 400, Stuart, Florida 34996. The principal business of MILFAM LLC is managing and investing assets held, among others, by or on behalf of or for the benefit of, and advising, certain of the Miller Entities and other entities. MILFAM LLC is a limited liability c