Diversified Royalty Corp. Proclaims March 2021 Money Dividend Toronto Inventory Change: DIV
VANCOUVER, British Columbia, March 4, 2021 (GLOBE NEWSWIRE) – Diversified Royalty Corp. (TSX: DIV and DIV.DB) (the “Firm” or “DIV”) is happy to announce that its Board of Administrators has authorized a money dividend of $ 0.01667 per frequent share for the interval March 1 2021 to March 31, 2021, which equals $ 0.20 per frequent share on an annualized foundation. The dividend will probably be paid on March 31, 2021 to shareholders of document on the shut of enterprise on March 15, 2021.
About Diversified Royalty Corp.
DIV is a multi-royalty firm, the enterprise of buying premium royalties from well-managed multi-site firms and franchisors in North America. DIV’s purpose is to amass predictable and rising royalty streams from a various group of multi-site firms and franchisors.
DIV at the moment owns the M. Lube, AIR MILES®, Sutton, M. Mikes, Nurse Subsequent Door and the logos of Oxford Studying Facilities. Mr. Lube is the main fast lubrication providers firm in Canada, with branches throughout Canada. AIR MILES® is the biggest coalition loyalty program in Canada, with roughly two-thirds of Canadian households actively taking part within the AIR MILES program® Program. Sutton is without doubt one of the largest residential actual property brokerage franchisors in Canada. Mr. Mikes operates informal grill eating places primarily in communities throughout Western Canada. Nurse Subsequent Door is without doubt one of the quickest rising residence care suppliers in North America, with workplaces in Canada and the US in addition to Australia. The Oxford Studying Facilities are one of many main franchised additional coaching providers in Canada and the US.
DIV intends to extend money move per share by making accretive royalty purchases and growing bought royalties. DIV intends to pay a month-to-month dividend to shareholders and enhance the dividend primarily based on will increase in money move per share.
Sure statements contained on this press launch might represent “forward-looking info” inside the which means of relevant securities legal guidelines that contain recognized and unknown dangers, uncertainties and different elements that would trigger outcomes, efficiency or the precise achievements are materially completely different from any outcomes, performances or achievements expressed or implied by such forward-looking info. The usage of any of the phrases “anticipate”, “proceed”, “estimate”, “count on”, “intend”, “might”, “will”, “plan”, “ought to”, “Imagine”, “assured”, “plan” and “intention” and related expressions are supposed to establish forward-looking info, though not all forward-looking info incorporates these figuring out phrases. Extra particularly, the forward-looking info contained on this press launch contains, however just isn’t restricted to, statements relating to: the quantity and timing of the March 2021 dividend to be paid to DIV shareholders; DIV’s intention to pay month-to-month dividends to shareholders; and DIV’s company targets. These statements contain recognized and unknown dangers, uncertainties and different elements that will trigger DIV’s precise outcomes or occasions, efficiency or achievements to vary materially from these anticipated or implied by such forward-looking info. DIV believes that the expectations mirrored within the forward-looking info included on this press launch are cheap, however no assurance could be provided that these expectations will show to be right. Particularly, there could be no assurance that: DIV will be capable of pay month-to-month dividends to the holders of its frequent shares; or DIV will obtain one among its company targets. In view of those uncertainties, readers are cautioned that the forward-looking info included on this press launch just isn’t a assure of future efficiency and that such forward-looking info shouldn’t be unduly relied upon. Additional info on the dangers and uncertainties affecting DIV’s actions and the actions of its royalty companions could be discovered within the “Danger Elements” part of its Annual Data Kind dated March 18, 2020 and in its most up-to-date MD&A, copies of every of which can be found underneath the DIV profile on SEDAR at www.sedar.com.
In making the forward-looking info contained herein, administration has assumed that DIV will generate ample money move from its royalties to service its debt and pay dividends to shareholders; lenders will present all crucial waivers to permit DIV to proceed paying dividends; the impacts of COVID-19 on DIV and its royalty companions will probably be according to DIV’s expectations and the administration expectations of every of its royalty companions, each by way of scope and length; DIV and its royalty companions will be capable of fairly handle the impacts of the COVID-19 outbreak on their respective companies. These assumptions, whereas thought of cheap by administration on the time of preparation, might show to be incorrect.
All forward-looking statements made on this press launch are certified by these cautions and different cautions or elements contained herein, and there could be no assurance that precise outcomes or developments will materialize or, even when they’re considerably achieved. , that they’ll have the anticipated penalties or results on DIV. Ahead-looking info included on this press launch is introduced as of the date of this press launch and DIV assumes no obligation to publicly replace or revise such info to mirror new occasions or circumstances, besides as relevant regulation l ‘required.
THE TORONTO EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Further info relating to the Firm and different public paperwork can be found on SEDAR at www.sedar.com.
Sean Morrison, President and CEO
Diversified Royalty Corp.
Greg Gutmanis, Chief Monetary Officer and Vice President of Acquisitions
Diversified Royalty Corp.