The Toronto Stock Exchange reports that Diversified Royalty Corp.'s 5.75 per cent convertible unsecured subordinated debentures will be listed at 5:01 p.m. on Feb. 6, 2026, for trading at the open on Feb. 9, 2026, under the symbol DIV.DB.B, in Canadian dollars and with Cusip No. 255331 AC 4.

As stated in the prospectus supplement dated Feb. 4, 2026, to the company's short form base shelf prospectus dated July 22, 2025, Diversified Royalty is issuing $60-million principal amount of debentures, in the minimum principal amount of $1,000 each, in a public offering that it expects to close before the open on Feb. 9, 2026. According to the TSX, the debentures will mature on March 31, 2031, and will pay interest semi-annually in arrears on March 31 and Sept. 30 in each year starting Sept. 30, 2026, at 5.75 per cent per year. Assuming the offering closes on Feb. 9, 2026, the initial interest payment of $36.74 per $1,000 principal amount of debentures will be made on Sept. 30, 2026. The transfer agent and registrar is Computershare Trust Company of Canada at its principal offices in Vancouver.

The TSX notes that the holders of the debentures will have the option to convert the debentures into fully paid and non-assessable common shares, at any time prior to the close of business on the earliest of the business day immediately preceding: (i) the maturity date; and (ii) if called for redemption, the date specified by the company for redemption of the debentures, at a conversion price of $5.35 per common share, being a conversion rate of approximately 186.9159 common shares per $1,000 principal amount of debentures, subject to adjustment.