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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

Post by Dadsaid2on Jul 25, 2023 8:32pm
236 Views
Post# 35556933

AirMiles.???

AirMiles.???The way l.understand it is....
BMO bought the company that ran the AirMiles rewards program and that company will make improvements and grow the program like adding Dollarama. 
DIV's subsiduary owns the  Canadian AM trademarks and licence agreements which are still in effect.  Meaning DIV should still report revenue from these AirMiles licences paid by the new BMO company running the program   Maybe somewhere down the road BMO will want to buy the Trademark and licences from DIV at a lump sum price get out of paying royalties.  But  before that happens, we should still see revenue from AirMiles in Q2 and onward. Hope l got this right!  GLTA.
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