The Toronto Stock Exchange reports that Diversified Royalty Corp. will redeem $52.5-million or approximately 91 per cent of the total principal amount of its 5.25 per cent convertible unsecured subordinated debentures outstanding on May 4, 2022. According to the TSX, the company will pay $1,017.9375 per $1,000 principal amount of debentures, comprising a $1,000 principal amount payment and $17.9375 for accrued and unpaid interest up to, but excluding, May 4, 2022.

The record date for the redemption is May 3, 2022. The debentures remaining will begin trading at the opening on May 4, 2022, on a postredemption basis under the current stock symbol (DIV.DB) and Cusip number (No. 255331 AA 8). For more information, see the company's redemption notice dated March 31, 2022, and its news release dated May 4, 2022.