Brief: Diversified Royalty Corp - Board Has Approved Temporary Suspension Of Drip Until Further Notice

Diversified Royalty

31/03/2020 22:51

Diversified Royalty Corp  DIV.TO :
    * DIVERSIFIED ROYALTY CORP. PROVIDES A BUSINESS UPDATE,
ADJUSTS
ITS DIVIDEND POLICY AND SUSPENDS ITS DIVIDEND REINVESTMENT PLAN
    * DIVERSIFIED ROYALTY CORP - EXPECTS THAT COVID-19 WILL HAVE
A
MATERIAL IMPACT ON DIVIDEND'S ROYALTY PARTNERS IN SHORT TO
MEDIUM TERM
    * DIVERSIFIED ROYALTY- BOARD HAS APPROVED CHANGING MONTHLY
DIVIDEND TO $0.01667 PER SHARE PER MONTH
    * DIVERSIFIED ROYALTY CORP - ALL ROYALTY PAYMENTS REQUIRED
TO BE
PAID BY DIVIDEND'S ROYALTY PARTNERS IN MARCH 2020 HAVE BEEN
RECEIVED BY DIVIDEND IN FULL
    * DIVERSIFIED ROYALTY - AWARE THAT SOME OF ITS ROYALTY
PARTNERS
HAVE HAD, OR ARE EXPECTING TO HAVE, SIGNIFICANT BUSINESS
INTERRUPTION IN MONTHS AHEAD
    * DIVERSIFIED ROYALTY CORP - AT THIS TIME, DIVIDEND DOES NOT
KNOW
FULL EXTENT OF FINANCIAL IMPACT OF INTERRUPTIONS
    * DIVERSIFIED ROYALTY CORP - BOARD HAS APPROVED TEMPORARY
SUSPENSION OF DRIP UNTIL FURTHER NOTICE

Source text for Eikon:  ID:nGNX3ygv2P 
Further company coverage:  DIV.TO