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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

Comment by nedstar71on Mar 31, 2023 5:26am
178 Views
Post# 35371082

RE:Any compensation?

RE:Any compensation?I believe it remains in force and is not subject to Loyalty Venture's issues.  DIV owns the trademarks for use of the Air Miles name, logo etc in Canada.  Even in bankruptcy Loyalty Ventures will have choice but to continue to keep making payments as to preserve use of the trademark if they are still deriving income from it, which they are.  Otherwise it would indeed be worthless and BMO would have no interest in buying it.  Once the sale is complete, BMO will assume the royalty payments.  To be clear DIV owns the Air Miles trademarks and Loyalty Venture's situation doesn't change this.  The agreement will remain in force until the sale, and then after the sale imo.  Might the terms get renegotiated at some point after the sale to BMO?  Possibly, but given Sean Morrison's track record, the terms may get even better, not worse.  My opinion, so take it for what it's worth.
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