Diversified Royalty Corp. Elects Directors at Annual Meeting

Diversified Royalty Corp. (TSX: DIV, DIV.DB.A, DIV.DB.B) announced that all directors nominated for election at its Annual General and Special Meeting of shareholders, held on June 17, 2026, were duly elected for the upcoming year. This development signifies continuity in the company's governance structure and reinforces its commitment to its established strategic objectives. The meeting proceeded smoothly, with no ballot required, as proxy votes overwhelmingly supported the nominated individuals.

According to the company's disclosure, the board members — Paula Rogers, Roger Chouinard, Johnny Ciampi, Garry Herdler, Sherry McNeil, Sean Morrison, and Kevin Smith — were re-elected with substantial shareholder backing. Voting results indicated strong approval, with each director receiving between 87.74% and 92.50% of the votes cast. For instance, Garry Herdler garnered 92.50% of the votes, while Johnny Ciampi received 92.47%. These outcomes underscore the confidence shareholders place in the current management team and their vision for the company's future direction.

Diversified Royalty Corp. operates as a multi-royalty corporation, focusing on acquiring top-line royalties from well-managed multi-location businesses and franchisors across North America. The company's primary objective is to build a diverse portfolio of predictable and growing royalty streams. In a significant strategic move, the company recently completed the acquisition of the Mr. Lube + Tires franchisor business for C$235 million on June 16, 2026, further expanding its revenue base and growth potential.

In addition to Mr. Lube + Tires, DIV holds and licenses trademarks for several other prominent brands, including Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito, Cheba Hut, and AIR MILES®. This diversified brand portfolio provides the company with stable revenue streams from various sectors, offering a degree of resilience against market fluctuations. The company's consistent efforts to increase revenues and maintain a predictable dividend policy present an attractive profile for investors.

Diversified Royalty Corp.'s strategy aims to enhance cash flow per share through accretive royalty acquisitions and the organic growth of its existing royalty streams, including the Mr. Lube + Tires franchisor business. The company is committed to paying a predictable and stable monthly dividend to its shareholders, with an intention to increase the dividend over time as cash flow per share allows. This approach strengthens the potential for long-term shareholder value creation and reinforces confidence in the company's financial stability and growth prospects.