Johnny Ciampi, a Director, acquired 40,000 Common Shares on an indirect ownership basis for registered holder Lucris Capital Corporation at prices ranging from $2.620 to $2.740 between August 14th and 16th, 2019. This represents a $107,700 investment into the company's shares and an account share holdings change of 3.2%.
Diversified Royalty is in the Investment Management & Fund Operators Sub Industry Group under the Financials Sector.
Diversified Royalty Corp. (DIV), formerly BENEV Capital Inc., is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America (Royalty Partners). Its primary objectives are to purchase stable and growing royalty streams from Royalty Partners, and increase distributable cash per Share by making accretive royalty purchases. The Company's Royalty Partners include Franworks Franchise Corp. (Franworks), Sutton Group Realty Services Ltd. (Sutton Group) and Mr. Lube Canada Limited Partnership (Mr. Lube). Franworks operates and franchises mid-casual restaurants in select markets in Canada and the United States. Sutton Group provides services to residential real estate REALTORS. Mr. Lube is engaged in quick lube business with a focus on vehicle maintenance.
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