Diversified Royalty Corp. announced that, on August 31, 2016, Derek Doke resigned as a director of the corporation. Mr. Doke has been a director of the company since September 2014 and was a member of DIV's Human Resources, Compensation, Corporate Governance and Nominating Committee prior to his resignation. After Mr. Doke tendered his resignation and prior to the execution of the sale agreement, DIV entered into an agreement with Franworks whereby Franworks agreed not to exercise any of its nomination rights under its agreements with DIV to appoint any further directors or observers to DIV's board of directors so long as the sale agreement remains in force.

The company also announced that its board of directors has approved a cash dividend of $0.01854 per common share for the period of September 1, 2016 to September 30, 2016, which is equal to $0.2225 per common share on an annualized basis. The dividend will be paid on September 30, 2016 to shareholders of record on September 15, 2016.