Investor Presentaiton
TRUST CONVERSION
After receiving shareholder approval on August 31, 2020, Alaris Royalty Corp. converted to an income trust on September 1, 2020
and changed its name to "Alaris Equity Partners Income Trust" ("Alaris" or the "Trust").
The common shares of Alaris Royalty Corp. (AD) were delisted at the end of day on September 3, 2020 and the Trust units began
trading on the TSX on September 4, 2020 under the symbol TSX: AD.UN
The conversion to the Trust resulted in a deemed disposition of the common shares in AD. Shareholders of AD received 1 trust
unit of AD.UN for every 1 common share held in AD.
The debentures outstanding continue to trade under the symbol AD.DB.
The Trust believes the conversion will enhance long-term shareholder value as a result of:
.
a materially simplified cross-border investment structure involving fewer foreign jurisdictions, which should reduce
compliance and other administrative costs and Alaris' exposure to changes in foreign laws;
•
increasing the amount of cash available for distribution to unitholders and reducing the Payout Ratio; and
allowing Alaris to comply with applicable US legislation while maintaining an internal efficiency substantially consistent with
Alaris' prior corporate structure.
As an income trust, Alaris will be paying a trust distribution rather than a corporate dividend. This trust distribution increased to
$0.31 per quarter ($1.24 annually) up 7% from the corporate dividend of $0.29 per quarter ($1.16 annually) to reflect different
taxation of a trust distribution vs a corporate dividend. The first trust distribution was declared in September 2020 and paid
October 15, 2020.
For more information, please visit our website at www.alarisequitypartners.com and search for documents under the "investor
section" or visit www.sedar.com and search for documents under Alaris' corporate profile.
ALARIS
PROFILE
Corporate Summary
Revenue (9 months ended Sept 30, 2020)
Quarterly Distribution (1)
Annualized Total Returns since listing date (Nov 2008)
Number of Employees
$77.6 million
$0.31 per unit ($1.24 annually)
205% (10% annualized)
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Market Summary
Ticker Symbol:
Average Daily Volume (6 months):
Units Outstanding:
Unit Price:
Market Capitalization:
Unitholder Breakdown:
(based on estimates and fully diluted)
TSX: AD.UN
350.000
38,996,399 basic
$14.61
52 week high: $23.34 (Feb 2020)
52 week low: $5.83 (March 2020)
-$570 million
Retail - 60%
Institutional 30%
Directors & Officers -10%
Notes:
(1) Alaris began paying trust distributions at a rate of $0.31 per quarter ($1.24 annually) after Alaris Royalty Corp was converted to an
income trust September 1, 2020. The first trust distribution was declared in September 2020 and paid on October 15, 2020.
(All unit price data as of closing price on December 7 2020)
ALARIS
EQUITY PARTNERS INCOME TRUST
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