VANCOUVER, British Columbia, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV, DIV.DB.A and DIV.DB.B) (the "Corporation" or "DIV") is pleased to announce that the underwriters, in respect of its recently completed bought deal public offering (the "Offering") of $60,000,000 aggregate principal amount of 5.75% convertible unsecured subordinated debentures (the "Debentures") at a price of $1,000 per Debenture (the "Offering Price"), have fully exercised their previously announced option to purchase an additional $9,000,000 aggregate principal amount of Debentures at the Offering Price (the "Over-Allotment Option"). The closing of the Over-Allotment Option is expected to be completed on February 12, 2026, and will increase the total gross proceeds of the recently completed Offering to approximately $69,000,000.

The syndicate for the Offering was co-led by CIBC Capital Markets, as sole bookrunner, and Desjardins Securities Inc., together with Canaccord Genuity Corp., National Bank Financial Inc., Scotia Capital Inc., ATB Capital Markets Corp., BMO Nesbitt Burns Inc., iA Private Wealth Inc. and Raymond James Ltd.

The net proceeds of the Offering, including from the exercise of the Over-Allotment Option, are intended to be used to repay outstanding amounts under the Corporation's acquisition facility, to fund expected additions to the royalty pools of certain of the Corporation's royalty partners, and for working capital and general corporate purposes. The repayment of indebtedness under the Corporation's acquisition facility will thereby increase the amount available to be drawn under the acquisition facility to fund future acquisitions.

The Debentures trade on the Toronto Stock Exchange under the trading symbol "DIV.DB.B".

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or compliance with an applicable exemption from such U.S. registration requirements.

About Diversified Royalty Corp.

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