Brief: Diversified Royalty Corp. Announces Agreement To Acquire Nurse Next Door Trademarks & Preliminary Third Quarter Results

Diversified Royalty

01/11/2019 20:10

Nov 1 (Reuters) - Diversified Royalty Corp  DIV.TO :
    * DIVERSIFIED ROYALTY CORP. ANNOUNCES AGREEMENT TO ACQUIRE
NURSE
NEXT DOOR TRADEMARKS,  INCREASE IN ANNUAL DIVIDEND, NEW UNDRAWN
$50 MILLION ACQUISITION FACILITY AND  PRELIMINARY THIRD QUARTER
RESULTS
    * DIVERSIFIED ROYALTY CORP - ACQUISITION OF NURSE NEXT DOOR
TRADEMARKS AND CERTAIN OTHER INTELLECTUAL PROPERTY RIGHTS FOR
$52.0 MILLION
    * DIVERSIFIED ROYALTY CORP - DEAL WILL BE FUNDED WITH $44.75
MILLION OF CO'S CASH ON HAND & ABOUT $7.25 MILLION OF SENIOR
DEBT
    * DIVERSIFIED ROYALTY  - ANNUAL DIVIDEND ON DIVIDEND'S
COMMON
SHARES TO BE INCREASED 3.4% TO 23 CENTS PER SHARE
    * DIVERSIFIED ROYALTY CORP - PRELIM Q3 REVENUE $8.1 MILLION
VERSUS
$6.7 MILLION
    * DIVERSIFIED ROYALTY CORP - PRELIM Q3 DISTRIBUTABLE CASH
PER
SHARE $0.0501

Source text for Eikon:  ID:nGNX7VWC3T 
Further company coverage:  DIV.TO 

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