Diversified Royalty Corp. Announces September 2020 Cash Dividend and Special Meeting Details

VANCOUVER, British Columbia, Sept. 03, 2020 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB) (the “Corporation” or “DIV”) is pleased to announce that its board of directors has approved a cash dividend of $0.01667 per common share for the period of September 1, 2020 to September 30, 2020, which is equal to $0.20 per common share on an annualized basis. The dividend will be paid on September 30, 2020 to shareholders of record as of the close of business on September 15, 2020.

Special Meeting of Shareholders

The Corporation will be holding a Special Meeting of shareholders at 9:00 am (Pacific time) on Wednesday, October 14, 2020 (the “Meeting”), where shareholders will be asked to consider and, if thought advisable, to pass a special resolution to approve the continuance of the Corporation from the Canada Business Corporations Act (the “CBCA”) to the Province of British Columbia under Business Corporations Act (British Columbia) (the “BCBCA”) (the “Continuance”). The Continuance, if approved, will allow the Corporation to operate within a more modern corporate framework. In particular, the BCBCA provides more flexibility than CBCA in a number of areas, including corporate transactions, capital management, payment of dividends, composition of the Board and electronic communications.

In order to ensure the safety of our shareholders, colleagues, stakeholders and the community at large and to comply with social distancing recommendations and mandates of public health authorities associated with COVID-19, the Meeting will be held in a virtual only format, which will be conducted via live audio webcast. All shareholders will be permitted to attend the live audio webcast for the Meeting; however, only registered shareholders and duly appointed proxy holders will be able to vote through the webcast. Accordingly, it is strongly recommended that both registered and beneficial shareholders complete and return their proxy or voting instruction form well in advance of the Meeting in order to ensure their votes are counted. Materials for the Meeting will be mailed later this month to shareholders of record as of the close of business on September 8, 2020. Full details with respect to the Meeting and instructions on how to attend and vote will be set out in the meeting materials, which will be filed under DIV’s profile on SEDAR at www.sedar.com later this month.