Diversified Royalty Corp T.DIV

How does BMO purchase of AM affect DIV?

[Divies]

Can anyone calrify this? 
I assume that DIV will continue to receive their Royalty Payments from Airmiles since they own the trademark?   I think the stock price drop is unwarranted and this could be a great buying opportunity.  Under BMOs ownership, AIR MILES will no longer have to worry about their struggling parent company Loyalty Ventures. 

Perhaps DIV should put out their own press release clarifying how this affects their royalty payments from Air Miles?

Financial results for all other royalties are impressive and with Air Miles under BMO should do very well going forward assuming DIV continues to be entitled to the royalty payments under BMOs ownership.

Thoughts welcome .

Cheers!

[nedstar71]

They did put out a press release but didn't specifically clarify that point which was odd. BMO would have to make the royalty payments or buy out DIV's trademark ownership imo

[Hich1205]

Too early to say, as we don't know what terms are included in the CCAA. There's some headwinds for the short term, what's now at risk is the receivable from LVPY for the months of february and up and that's around 1-1.4 a month. The value of the trademark may have to be written down in the short term. For the long term, it all depends on the CCAA terms and on negociation between