Diversified Royalty Corp T.DIV

Alternate Symbol(s): BEVFF | T.DIV.DB.A

Consumer Cyclical Auto & Truck Dealerships

Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. The Company owns Mr. Lube, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademark. Mr. Lube is the quick lube service business in Canada, with locations across Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is North America’s growing home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is a franchised supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is a quick-service Mexican restaurant chain.

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Diversified Royalty Corp > BMO will own Air Miles as of June 01, 2023

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Comment by Dadsaid2on May 21, 2023 5:37pm

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Post# 35458615

RE:RE:BMO will own Air Miles as of June 01, 2023

Upon second thought, BMO bought the business that runs AirMiles and will continue to operate it as a separate company. They state they want to grow the rewards program with obvious advantages to their credit card business among other things. If this growth happen it will be good/great for DIV.
Can anyone clarify or comment, will the change in operators of the AirMiles program effect the royaly paid to DIV. I would assume there would be clauses in the original agreement that would protect the royalty and DIV from losing it completely. Can anyone explain what will happen?

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