CALGARY, ALBERTA--(Marketwire - Dec. 17, 2010) - Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) announced today that the Board of Directors of the Corporation has declared a dividend of $0.085 per share on the Corporation's outstanding voting common shares and non-voting common shares (collectively, the "ARC Shares"). This dividend payment reflects the 6.25% increase Alaris had previously announced bringing the monthly dividend from $0.08 to $0.085 per ARC Share. This is Alaris' second dividend increase in the past twelve months for a total increase of 21.43% in 2010. The dividend is payable on January 17, 2011 to holders of ARC Shares of record at the close of business on December 31, 2010.
This dividend is designated by the Corporation to be an eligible dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.
About the Corporation:
The Corporation provides alternative financing for a diversified group of private businesses ("Private Company Partners") in exchange for royalties or distributions from the Private Company Partners, with the principal objective of generating stable and predictable cash flows for dividend payments to its shareholders. Royalties or distributions from the Private Company Partners are structured as a percentage of a "top line" financial performance measure such as gross margin and same-store sales and rank in priority to the owners' common equity position.