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Buxton Helmsley Releases Open Letter to Directors of Daily Journal Corporation

1. Buxton Helmsley criticizes DJCO for governance issues and delays. 2. They aim to begin accumulating DJCO shares imminently. 3. Concerns focus on compliance with accounting standards and corporate governance.

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FAQ

Why Bullish?

The activist investor's attention could lead to management improvements, driving stock price up. Historical examples show activist investors often push for enhancements in governance, leading to stock appreciation.

How important is it?

The concerns highlighted could catalyze significant changes within DJCO, impacting shareholder value. As more discussion and potential changes unfold, DJCO’s stock may react positively as investor sentiments shift.

Why Long Term?

Improved governance and alignment of shareholder interests can enhance company performance over time, as seen with other companies in similar situations where activist intervention led to lasting value creation.

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SPGIMCO
NEW YORK, July 28, 2025 (GLOBE NEWSWIRE) -- Buxton Helmsley USA, Inc. (“BH”), a New York City-based alternative asset manager whose brand is recognized by Bloomberg as being among the top 15% of activist investors globally (based on number of investor advocacy campaigns), today released an open letter to the directors of the Daily Journal Corporation (the “Company” or “DJCO”), given a failure to timely react to a July 25, 2025, open letter to shareholders outlining concerns related to: (a) compliance with accounting standards and securities laws; and (b) corporate governance. The open letter may be viewed at: https://www.buxtonhelmsley.com/djco BH and its affiliates have chosen to retain no (long or short) interest in DJCO securities at the time of this release. Thus, BH will not profit in any way should DJCO shares rise or decline immediately after this press release is issued. Following the public distribution of these materials, BH intends to begin accumulating an interest in DJCO common stock. DJCO Shareholders: DJCO shareholders wishing to discuss these matters may contact BH via e-mail at djco@buxtonhelmsley.com. BH may be unable to discuss certain aspects of the open letter released today to avoid inadvertently establishing an investor group in the context of Section 13(d) of the Securities Exchange Act of 1934. Media Availability: Buxton Helmsley is available for interviews with members of the media to further discuss the Company’s governance concerns and BH’s vision for restoring the full fair value of equity at DJCO. Members of the press may request an interview via e-mail at press@buxtonhelmsley.com. BH Whistleblower Hotline: Whistleblowers may reach the BH Whistleblower Hotline by dialing +1 (212) 913-9624, or by emailing whistleblowers@buxtonhelmsley.com. If you wish for your report via telephone to be anonymous, you may first dial “*67”. All reports will be directed to a member of BH’s external counsel. About Buxton Helmsley Buxton Helmsley USA, Inc. (“BH”) is a New York City-based alternative asset management firm, engaging both active and passive investment strategies across a range of asset classes, with a general focus on opportunities in North America and Europe. The investment approach is based on deep fundamental analysis and risk management, with a focus on ensuring disclosure obligations are being upheld under applicable accounting standards and securities laws. Disclosure: BH holds no position in the common stock of DAILY JOURNAL CORPORATION (NASDAQ: DJCO) as of the distribution of this press release. Legal Disclaimer:The use of BH’s research and analysis is at your own risk. In no event will BH or any affiliated party be liable for any direct or indirect trading losses allegedly caused by any information in this press release. You must do your own research and due diligence, and consult with your own financial, legal, and tax advisors before making any investment decision or transacting in any securities covered herein. BH’s underlying holdings are subject to its risk management guidance, which may result in the de-risking of some or all of its positions at any time following publication of any report or letter, depending on security-specific, market, or other relevant conditions. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. BH is registered as an exempt reporting advisor with the State of New York. To the best of BH’s knowledge and belief, and except as otherwise described herein, all information contained herein is accurate and reliable. Such information is presented “as is,” without warranty of any kind – whether express or implied. BH makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any information contained herein, or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and BH does not undertake any obligation to update or supplement this report, any of the information contained herein, or its position in any securities. Cautionary Statement Regarding Forward-Looking Statements:The information herein contains “forward-looking statements.” Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “projects,” “potential,” “targets,” “forecasts,” “seeks,” “could,” “should”, or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe our objectives, plans, or goals are forward-looking. Forward-looking statements are subject to various risks and uncertainties and assumptions. There can be no assurance that any idea or assumption herein is, or will be proven, correct, or that any of the objectives, plans, or goals stated herein will ultimately be undertaken or achieved. If one or more of such risks or uncertainties materialize, or if BH’s underlying assumptions prove to be incorrect, actual results may vary materially from outcomes indicated or suggested by these statements. Accordingly, forward-looking statements should not be regarded as a representation by BH that any plans (current or future), estimates, or expectations contemplated herein will ever be achieved.

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