Diversified Royalty Corp T.DIV

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

Consumer Cyclical Media - Diversified

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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Post by 2021Gambleon Jun 04, 2021 2:09pm

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Post# 33330948

impairment loss details - from MD&A on Sedar

Impairment LossFirstQuarter

In the first quarter of 2020, the Company recorded a non-cash impairment of $19.8 million related to the MRM Rights in connection with the impact of the COVID-19 pandemic on the Mr. Mikes business.

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and remember, that there was a complete lockdown in 2020 during the first wave. Not even take out was allowed from restaurants at that time. Stay at home orders were in place, and "essential business only" was the norm - and that list was very very small.

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