Diversified Royalty Corp T.DIV

With or without Airmiles..we're OK

[Dadsaid2]

Obviously losing 100% of Airmiles cuts revenue by around 12% but thats worse case scenario. I would think Div is working hard to get the best deal we can with BMO or whoever they have to deal with.  But the other 5 royalites are growing and it appears the new one Status looks pretty solid on the front page of its book.  Obivously there are more shares to pay out but remember when they added Status they started paying only a fraction of what they think Stratus will generate.  This was a smart move knowing Airmiles was on a slipery slope and may be at risk moving forward.  My point is the current dividend could be safe and remain the same even without Airmiles. Hopefully we see continued growth in the other 5 and Status grows and pays off what was anticipated.  Any payments or lump sum buyout etc from Airmiles will just be a bonus at this point.  IMO.  Anyways we are in a game of risk and its a touch of bad luck on the whole Airmiles development but its not over yet.  Correct me if lm wrong on the finaicial math and payouts etc.  GLTA

[JayBanks]

You are correct we are safe without AirMiles as I believe the Stratus income will be more than AirMiles over a full year... It was hard to run numbers for that quarter as a look forward as there were a few bits a pieces added and moved around, but as per a layout I posted in November it was within a couple hundred thousand of my projections in different ways, but that was because the partial