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Diversified Royalty Corp. Announces Incremental Royalty Purchase from Cheba Hut
The deal reflects Cheba Hut’s growing franchise base and store economics, while DIV said it expects predictable royalty cash flows and dividend support for shareholders.
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Diversified Royalty Corp. Announces Incremental Royalty Purchase from Cheba Hut
VANCOUVER, British Columbia, April 01, 2026 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX:DIV, DIV.DB.A and DIV.DB.B)) (the "Corporation" or "DIV") announced today that effective April 1, 2026, DIV has purchased a US$0.9 million annualized incremental royalty from Cheba Hut Franchising, Inc. ("Cheba Hut") for US$7.2 million. Sean Morrison, Chief Executive Officer of DIV, stated, "Cheba Hut has continued to grow since being first added to DI…
·New York, United States
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