Amended Statement of Ownership (sc 13g/a)
February 08 2022 - 6:02AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 2)
Scully Royalty Ltd.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
G7T96K107
(CUSIP Number)
December 31, 2020
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
☐
Rule 13d-1(b)
☒
Rule 13d-1(c)
☐
Rule 13d-1(d)
|
*
|
The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.
|
The
information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18
of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE
13G
CUSIP
No.
|
G7T96K107
|
|
Page
2 of 5 Pages
|
1
|
NAME
OF REPORTING PERSON
Neil
S. Subin
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) ☐
(b)
☒
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH
|
5
|
SOLE
VOTING POWER
1,768,668
|
6
|
SHARED
VOTING POWER
88,995
|
7
|
SOLE
DISPOSITIVE POWER
1,768,668
|
8
|
SHARED
DISPOSITIVE POWER
88,995
|
9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,857,663
|
10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
|
11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.8%(1)
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12
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TYPE
OF REPORTING PERSON
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OO**
|
|
(1)
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The percentage reported in this Schedule 13G/A is based upon
12,554,801 shares of Scully Royalty Ltd. (the “Issuer”) common stock outstanding as of December 21, 2020 (according
to the Issuer’s Form 6-K as filed with the Securities and Exchange Commission on December 22, 2020).
|
Page
3 of 5 Pages
Explanatory Note:
This Schedule 13G/A is filed by Mr.
Neil S. Subin, with respect to shares of common stock of the Issuer (“Shares”) held by certain entities owned by or
for the benefit of the family of the late Mr. Lloyd I. Miller, III (the “Miller Entities”) and does not include certain
Shares reported separately by Alimco Financial Corporation (“Alimco”). Certain of the Miller Entities hold approximately
85% of the outstanding shares of common stock of Alimco. Mr. Subin and Alimco respectively disclaim (i) the existence of, and membership
in, a “group” under Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and (ii) beneficial ownership of
the securities reported by the other reporting person.
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Item 1(a).
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Name of Issuer
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Scully Royalty Ltd.
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Item 1(b).
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Address of Issuer’s Principal Executive Offices
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Unit 803, Dina House, Ruttonjee Centre, 11 Duddell Street,
Central, Hong Kong SAR, China.
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Item 2(a).
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Name of Person(s) Filing
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Neil S. Subin
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Item 2(b).
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Address of Principal Business Office or, if none, Residence
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2336
SE Ocean Blvd, Suite 400, Stuart, Florida 34996.
United States
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Item 2(d).
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Title of Class of Securities
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Common stock
G7T96K107
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Item 3.
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If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
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Not Applicable, this statement is filed pursuant to 13d-1(c).
Mr. Subin is the President and Manager
of Milfam LLC, which serves as manager, general partner, or investment advisor of a number of entities formerly managed or advised by
the late Lloyd I. Miller, III. Mr. Subin also serves as trustee of a number of Miller family trusts. The information required by Items
4(a) – (c) is set forth in Rows (5) – (11) of the cover page for Mr. Subin and is incorporated herein by reference.
Page
4 of 5 Pages
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Item 5.
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Ownership of Five Percent or Less of a Class:
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Not Applicable.
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person:
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Persons other than Mr. Subin have
the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the reported securities.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
or Control Person:
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Not Applicable
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Item 8.
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Identification and Classification of Members of the Group:
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See Explanatory Note
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Item 9.
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Notice of Dissolution of Group:
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Not Applicable
By signing below I certify that, to
the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with
or as a participant in any transaction having that purpose or effect.
Page
5 of 5 Pages
SIGNATURE
After reasonable inquiry and to the best
of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 7, 2022
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/s/ Neil S. Subin
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Neil S. Subin
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