Diversified Royalty Corp. (DIV) announced that Mr. James Farrar has stepped down from DIV's board of directors and as chair of DIV's audit committee effective December 10, 2014. Mr. Farrar expressed that his decision to step down from DIV's board of directors and as chair of DIV's audit committee was due to the demands of his overall business commitments, in particular on account of his responsibilities as chief executive officer of City Office REIT Inc.