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Diversified Royalty Corp BEVFF


Primary Symbol: T.DIV Alternate Symbol(s):  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.


TSX:DIV - Post by User

Diversified Royalty Corp > Time for stockholder dilution again?
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Comment by JayBankson Nov 07, 2024 7:28pm
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Post# 36302202

RE:RE:RE:RE:RE:RE:Time for stockholder dilution again?

RE:RE:RE:RE:RE:RE:Time for stockholder dilution again?

6-9% is likely the rate to hold a balance on the acquisition lending facility, it can be looked up in the MD&A or anouther document, but I just gave an expected range...

There is no real reason to dilute unless you have multiple deals happening in a short period, the 2 latest deals have been around a year apart, no reason they couldn't have just held a balance and payed off with the extra distributable income (Free Cash Flow)... Seems like they do it just to be able to say they have no debt burden, but I don't really think that fact matters for a Royalty nor has it excited investors for attracting interest...

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