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 > Filing of Preliminary Short Form Base Shelf Prospectus

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Comment by maypeterson May 13, 2021 9:26am

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Post# 33190468

RE:RE:Filing of Preliminary Short Form Base Shelf Prospectus

Totally agree with babednkleman. Wise words from an early investor.

Let us see what the future brings. Lot of people will probably exit around the $3 - $3.25 mark if it ever reaches there. Holding 6 figures so just taking the dividend (not even bothering with the DRIP to increase share count at a discount).

Had such high hopes but they did not learn from the "restaurant" industry fiasco of the first deal.

babedinkleman wrote:

Tommy123 wrote: Sounds like another acquisition is pending! DIV is good at making sure they're accretive despite issuing new shares, so when it's officially announced we should get a bump.

Diversified Royalty Corp. (TSX: DIV and DIV.DB) (the "Corporation" or "DIV") announced today that it has filed, and received receipt for, a preliminary short form base shelf prospectus (the "Prospectus"). The Prospectus was filed with the securities regulatory authorities in each of the Provinces of Canada, other than Quebec. The Prospectus was filed to provide DIV with financial flexibility and efficient access to Canadian capital markets to pursue strategic initiatives, which may include acquisitions of additional royalties. A copy of the Prospectus is available under DIV's profile on SEDAR at www.sedar.com.

Once a receipt for the final Prospectus is received from the applicable securities regulators, the final Prospectus will be valid for a 25-month period during which time DIV may, from time to time, issue common shares, warrants, subscription receipts, debt securities, convertible securities or rights or any combination thereof, including in the form of units (collectively, the "Securities"), having an aggregate offering price up to Cdn$200 million. The specific terms of any offering of Securities will be described in one or more shelf prospectus supplements which will be filed at the time of the offering of such Securities.

Ugly share price to be trying to do any of the above mentioned methods of raising capital. Will be tough for any deal to be at all accretive. Hopefully they mix things up and do something totally different.....the market isn't buying this diversified mediocrity model....and hasn't since day one (share price is about the same as it was 7 years ago when they announced their first royalty). Another royalty in addition to the other 62 will do little to change that perception. Cmon boys....do SOMETHING to get the market interested in some minute possibility of share price appreciation along with the dividend. Years ago we thought this could be a 5 or 10 dollar stock. Now the upbeat are dreaming of 3 bucks and there's really not much positive to say other than empty pumps. Yup....my largest position....