Business
Diversified Royalty Corp. Announces $50 Million Bought Deal Public Offering of 5.75% Convertible Unsecured Subordinated Debentures
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES BASE SHELF PROSPECTUS IS ACCESSIBLE, AND THE PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+ VANCOUVER, British Columbia, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets (collectively, the “Under
About this update from Diversified Royalty Corp.
[{"type":"image","alt":"Diversified Royalty Corp.","displaySize":"","headline":null,"caption":"Diversified Royalty Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":109,"url":"https://media.zenfs.com/en/globenewswire.com/9a437d181b6e9c519d5c9bec4d421872"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vLXtPYo.zcUBqcP6fVERoQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE1MztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/9a437d181b6e9c519d5c9bec4d421872","width":300,"height":109}},"lazy":false},{"type":"text","content":"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES","length":88,"tagName":"p"},{"type":"text","content":"BASE SHELF PROSPECTUS IS ACCESSIBLE, AND THE PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+","length":121,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets (collectively, the “Underwriters”) pursuant to which the Underwriters have agreed to purchase $50,000,000 aggregate principal amount of 5.75% convertible unsecured subordinated debentures (the “Debentures”) at a price of $1,000 per Debenture (the “Offering”).","length":528,"tagName":"p"},{"type":"text","content":"In addition, the Corporation has granted the Underwriters an option (the “Over-Allotment Option”) to purchase up to an additional $7,500,000 aggregate principal amount of Debentures at the offering price for market stabilization purposes and to cover over-allotments, if any. The Over-Allotment Option is exercisable, in whole or in part, by the Underwriters at any time up to 30 days following the closing of the Offering.","length":423,"tagName":"p"},{"type":"text","content":"The Debentures will mature March 31, 2031 and will bear interest at an annual rate of 5.75% payable semi-annually in arrears on the last day of March and September in each year, commencing September 30, 2026. At the holder’s option, the Debentures may be converted into common shares of the Corporation (“Common Shares”) at any time prior to the close of business on the earlier of the last business day immediately preceding March 31, 2031 and ...