Business
Diversified Royalty Corp. Announces Increase to Previously Announced Public Offering of 5.75% Convertible Unsecured Subordinated Debentures to $60 Million
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 ONE BUSINESS DAY, ON SEDAR+ VANCOUVER, British Columbia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that, due to strong demand, it has entered into a revised agreement with a syndicate of underwriters led by CIBC Capital Mark
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 ONE BUSINESS DAY, ON SEDAR+","length":120,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that, due to strong demand, it has entered into a revised agreement with a syndicate of underwriters led by CIBC Capital Markets (collectively, the “Underwriters”) to increase the size of the previously announced offering. Under the revised agreement, the Underwriters have agreed to purchase $60,000,000 aggregate principal amount of 5.75% convertible unsecured subordinated debentures (the “Debentures”) at a price of $1,000 per Debenture (the “Offering”).","length":623,"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 $9,000,000 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...