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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (9374)10/1/2014 9:47:06 AM
From: Goose94Read Replies (1) | Respond to of 203098
 
Sean Morrison, President and CEO, Benev Capital (BEV.H-V) on BNN.ca Business Day Wednesday Oct 1st @ 1005



To: Goose94 who wrote (9374)11/12/2014 9:14:34 AM
From: Goose94Read Replies (2) | Respond to of 203098
 
Diversified Royalty (DIV-T) Nov 12, '14 has closed its previously announced public offering of 14,375,000 common shares on a bought-deal basis, at a price of $2.40 per share, for total gross proceeds of $34.5-million. Included in the closing were 1,875,000 Shares from the full exercise of the over-allotment option described in DIV's short form prospectus dated October 31, 2014 (the "Prospectus"). A copy of the Prospectus is available on SEDAR at www.sedar.com

The Offering was conducted through a syndicate of underwriters co-led by Cormark Securities Inc. and GMP Securities L.P., and which also included Laurentian Bank Securities Inc., National Bank Financial Inc. and PI Financial Corp.

As described in the Prospectus, DIV intends to use the net proceeds of the Offering to fund future acquisitions of additional top-line royalties from other well-managed, multi-location businesses and franchisors in furtherance of the Corporation's stated business strategy, and for general corporate purposes. Proceeds not used to fund future acquisitions or for general corporate purposes will be invested by the Corporation in such investments as may be determined from time to time by the Corporation's board of directors.

The Shares sold pursuant to the Offering have been listed on the Toronto Stock Exchange under DIV's existing trading symbol DIV. After giving effect to the Offering, DIV now has 68,530,173 Shares issued and outstanding.

November 2014 Cash Dividend

DIV is also pleased to announce that its board of directors has approved a cash dividend of $0.0157 per Share for the period of November 1, 2014 to November 30, 2014, which is equal to $0.1884 per Share on an annualized basis. The dividend will be paid on November 28, 2014 to shareholders of record on November 21, 2014.

Message 29759676