Diversified Royalty Corp. Announces $40 Million Bought Deal Public Offering of Common Shares and a 2.0% Dividend Increase

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VANCOUVER, British Columbia, Feb. 14, 2024 (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 investment dealers led by CIBC Capital Markets (collectively, the “Underwriters”) pursuant to which the Underwriters have agreed to purchase 15,100,000 Common Shares (the “Common Shares”) from the treasury of the Corporation, at a price of $2.66 per Common Share (the “Offering Price”) for total gross proceeds of approximately $40 million (the “Offering”).

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