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Diversified Royalty Corp T.DIV

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

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.


TSX:DIV - Post by User

Bullboard Posts
Post by FondInfinityon Mar 11, 2019 8:52pm
146 Views
Post# 29470876

Somebody can explain ??? Quelqu’un peu expliquer le rapport

Somebody can explain ??? Quelqu’un peu expliquer le rapport

Settlement of Sevenson Litigation 

In Q4 2018, in an effort to avoid the expense and uncertainty of further litigation, and with no admission of fault by any party, the Corporation and Sevenson Environmental Services Inc. ("Sevenson"), entered into a settlement agreement. Under the settlement agreement, both parties surrendered and released all claims against each party. As consideration for the settlement agreement, the Corporation agreed to make a payment totalling US$1.86 million (CAD$2.47 million). This was recorded as a litigation expense for the year ended December 31, 2018.

Bullboard Posts