Diversified Royalty Buys Cheba Hut Incremental Royalty for

Diversified Royalty Corp. purchased a US$0.9 million annualized incremental royalty from Cheba Hut Franchising effective April 1, 2026. The company paid US$7.2 million for the incremental stream.

The incremental royalty of US$75,000 per month will be added to Cheba Hut’s regular monthly royalty payments starting with the April 2026 royalty period. The adjustment mechanics reference annual royalty increases tied to royalty coverage tests under existing agreements between Cheba Hut, Diversified Royalty, and Cheeb Royalties Limited Partnership.