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Diversified Royalty Corp (DIV.TO)

DIV.TO on Toronto Stock Exchange

3.24CAD
19 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Diversified Royalty Corp Announces Increase To Mr. Lube Royalty Rate
Wednesday, 2 May 2018 

May 2 (Reuters) - Diversified Royalty Corp ::DIVERSIFIED ROYALTY CORP. ANNOUNCES INCREASE TO THE MR. LUBE ROYALTY RATE, ADDITIONS TO THE MR. LUBE ROYALTY POOL, AMENDMENT OF ML ROYALTIES LP CREDIT FACILITY, AND MAY 2018 CASH DIVIDEND.DIVERSIFIED ROYALTY CORP - ON MAY 1, ML LP AMENDED CREDIT AGREEMENT TO INCREASE ITS NON-AMORTIZING TERM LOAN FACILITY TO $41.6 MILLION.  Full Article

Diversified Royalty announces Q3 results
Friday, 10 Nov 2017 

Nov 9 (Reuters) - Diversified Royalty Corp ::Says ‍net income for Q3 of 2017 was $3.1 million, compared to a net loss of $0.3 million in prior year​.  Full Article

Diversified Royalty approved cash dividend of $0.01854 per common share
Tuesday, 4 Oct 2016 

Diversified Royalty Corp : Approved a cash dividend of $0.01854 per common share for period of October 1, 2016 to October 31, 2016 .To hold special meeting of shareholders to consider reduction of stated capital of corporation's common shares to $200.0 million.  Full Article

Diversified Royalty Corp. announces agreement for the indirect sale of the Franworks trademarks and rights to Cara Operations Limited
Thursday, 1 Sep 2016 

Diversified Royalty Corp : Diversified Royalty Corp. announces agreement for the indirect sale of the Franworks trademarks and rights to Cara Operations Limited . Diversified Royalty Corp. - Says deal for $90.0 million . Diversified Royalty Corp. - Agreement part of larger deal whereby Cara Operations Limited agreed with OJFG to buy majority control of OJFG for $93.0 million . Diversified Royalty Corp. - Says $90.0 million of cara's $93.0 million investment in OJFG will be used to fund acquisition of FW rights by OJFG . Diversified Royalty Corp. - Says upon deal closing Cara will control OJFG and will therefore indirectly own and control FW rights . Diversified Royalty Corp. - Says dividend will use $15 million of cash proceeds from sale of FW rights to extinguish term debt . Diversified Royalty Corp.- Terms of sale agreement were reviewed and recommended for approval by a special committee of board of directors of dividend . Diversified Royalty Corp.- Dividend board of directors will re-evaluate its dividend policy upon completion of transactions contemplated under sale agreement .Diversified Royalty Corp.- Says at present, dividend board has no intention to amend amount of dividend's current monthly dividend.  Full Article

BRIEF-Diversified Royalty Corp Announces Increase To Mr. Lube Royalty Rate

* DIVERSIFIED ROYALTY CORP. ANNOUNCES INCREASE TO THE MR. LUBE ROYALTY RATE, ADDITIONS TO THE MR. LUBE ROYALTY POOL, AMENDMENT OF ML ROYALTIES LP CREDIT FACILITY, AND MAY 2018 CASH DIVIDEND