CALGARY, ALBERTA--(Marketwired - June 18, 2013) -
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO UNITED STATES NEWS AGENCIES
Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) announces that the Board of Directors of the Corporation has declared a dividend of $0.115 per common share, representing $1.38 per share on an annualized basis. This is the first dividend to be declared at the increased level of $0.115 per common share (previously $0.105) since the May 23, 2013 announcement by the Corporation. The dividend is payable on July 15, 2013 to holders of record on June 28, 2013. The ex-dividend date is June 26, 2013.
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.
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.
The common shares of Alaris Royalty Corp. trade on the Toronto Stock Exchange under the trading symbol AD.