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 > BMO will own Air Miles as of June 01, 2023

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Comment by Dadsaid2on May 21, 2023 5:37pm

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Post# 35458615

RE:RE:BMO will own Air Miles as of June 01, 2023

Upon second thought, BMO bought the business that runs AirMiles and will continue to operate it as a separate company. They state they want to grow the rewards program with obvious advantages to their credit card business among other things. If this growth happen it will be good/great for DIV.
Can anyone clarify or comment, will the change in operators of the AirMiles program effect the royaly paid to DIV. I would assume there would be clauses in the original agreement that would protect the royalty and DIV from losing it completely. Can anyone explain what will happen?

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