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 acquiring royalties from multi-location businesses and franchisors in North America. It owns Mr. Lube + Tires, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the quick lube service business in Canada, with locations across Canada. AIR MILES is a coalition loyalty program. Sutton is a residential real estate brokerage franchisor business in Canada. Mr. Mikes operates casual steakhouse restaurants in western Canadian communities. Nurse Next Door is a home care provider. Oxford Learning Centres is a franchisee supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing comprehensive environmentally friendly janitorial, building cleaning, and office cleaning services in the United States. BarBurrito is a quick-service Mexican restaurant food chain.

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Diversified Royalty Corp

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Comment by Mining_Dudeon Aug 23, 2017 12:20pm

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Post# 26612614

RE:RE:RE:RE:RE:RE:RE:RE:On The Topic of Dividend Cuts

This has been an ongoing issue for a few years. The CRA has issues with how Alaris applies non-capital loses to generate tax credits, this stems to filing years as far back as 2009. The total amount of tax credits potentially on the line is ~$40m, so not a small sum. Alaris' legal council has said they think the corporation has a defendable case, but it's enough of a concern for me that they havent been able to settle this in the almost 3 years this case has been open.