On May 1, 2023, Diversified Royalty Corp. amended the credit agreement governing its $50.0 million acquisition credit facility with a Canadian chartered bank to allow for a one-time advance of up to $7.5 million to be used to fund the initial consideration paid by DIV to Mr. Lube for the five new Mr. Lube locations added to the Royalty Pool on May 1, 2023 and to partially fund the remaining true-up consideration paid by DIV to Mr. Lube on May 1, 2023 for the 2021 True-Up Locations. The maximum size of the Acquisition Facility of $50.0 million was not increased to facilitate this one-time advance.

After taking into account this one-time advance, DIV currently has $39 million of available capacity under the Acquisition Facility.