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 Oct 17, 2017 4:04pm

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Post# 26822863

RE:RE:RE:RE:Announces $50 Million Bought Deal

thedave2006 wrote: ok for future acuisitions....but, it is one way for debenture holders to milk the interest while shorting the stock. something like that. prefer issuing shares.

Not really. The conversion premium is 40%, this makes it difficult to arb.
I actually think it's very aggressivly priced (in the company's favour) and Im a bit perplexed on the timing. I had thought he would annouce the deal along with a financing, but he's annoucing the financing first.

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