04:49:00 EST Fri 03 Feb 2023
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Diversified Royalty Corp
Symbol DIV
Shares Issued 124,176,123
Close 2022-07-07 C$ 2.69
Recent Sedar Documents

Diversified shareholders elect five directors at AGM

2022-07-07 17:45 ET - News Release

Mr. Sean Morrison reports

DIVERSIFIED ROYALTY CORP. ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

At the annual general meeting of shareholders held on July 7, 2022, all directors nominated as listed in Diversified Royalty Corp.'s information circular dated May 19, 2022, were elected for the ensuing year. As a ballot was not required, the number of votes disclosed in the attached table reflects only the proxies received by management of Diversified in advance of the meeting.

        VOTING RESULTS FOR ELECTION OF DIRECTORS

Director                Votes for          Votes withheld   

                      Number       %      Number        %

Paula Rogers      18,041,851  77.93%   5,109,660   22.07%  
Roger Chouinard   23,020,665  99.43%     130,846    0.57%   
Johnny Ciampi     20,141,232  87.00%   3,010,279   13.00%  
Garry Herdler     20,581,665  88.90%   2,569,846   11.10%  
Kevin Smith       23,037,957  99.51%     113,554    0.49%   

Diversified previously announced on June 28, 2022, that the requisite quorum was not present to conduct any business at the corporation's 2022 annual general meeting held on June 28, 2022, and in accordance with the articles of the corporation, the meeting was adjourned until July 7, 2022.

Diversified has also filed a report of voting results of all resolutions voted on at the meeting on SEDAR.

About Diversified Royalty Corp.

Diversified is a multiroyalty corporation, engaged in the business of acquiring top-line royalties from well-managed multilocation businesses and franchisors in North America. Diversified's objective is to acquire predictable, growing royalty streams from a diverse group of multilocation businesses and franchisors.

Diversified currently owns the Mr. Lube, Air Miles, Sutton, Mr. Mikes, Nurse Next Door and Oxford Learning Centres trademarks. Mr. Lube is the leading quick-lube service business in Canada, with locations across Canada. Air Miles is Canada's largest coalition loyalty program. Sutton is among the leading residential real estate brokerage franchisor businesses in Canada. Mr. Mikes currently operates casual steak house restaurants primarily in Western Canadian communities. Nurse Next Door is one of North America's fastest-growing home care providers with locations across Canada and the United States, as well as in Australia. Oxford Learning Centres is one of Canada's leading franchised supplemental education services in Canada and the United States.

Diversified expects to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. Diversified expects to pay a predictable and stable dividend to shareholders and increase the dividend as cash flow per-share increases allows.

We seek Safe Harbor.

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