CALGARY, ALBERTA--(Marketwired - July 2, 2014) -
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The Board of Directors (the "Board" or "Directors") of Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) are pleased to announce the appointment of Robert ("Bob") Bertram to the Board effective July 1, 2014.
Bob Bertram is a Corporate Director and the retired Executive Vice President of Ontario Teachers' Pension Plan Board ("Teachers"), a position he held from 1990 through December 2008. Mr. Bertram led Teachers' investment program and had oversight of the pension fund's growth to approximately $108 billion from approximately $19 billion when it was established in 1990. His responsibilities included overseeing the real estate portfolio managed by its subsidiary, The Cadillac Fairview Corp., the development of private equity and infrastructure investments and the asset-mix and risk allocations of the pension fund. Prior to Teachers, Bob spent 18 years at Telus Corporation, formerly Alberta Government Telephones. Before leaving Telus Corporation, Bob was Assistant Vice President and Treasurer at Telus Corporation, including responsibility for managing the company's $2 billion in investment funds.
Bob is currently the Chair of the Strategic Committee of Glass Lewis, LLC, a director of The Cadillac Fairview Corporation, a member of the Independent Review Committee for the Strathbridge Asset Management family of funds, a director of Black Spruce Exploration Corp. and a director of several not-for-profit boards and societies including, the Canadian Foundation for Governance Research. Bob previously held directors roles with Maple Leafs Sports and Entertainment, AltaLink, Nexen Inc., and Morguard Mortgage Investment Corp., to name a few.
Mr. Bertram has a Bachelor of Arts degree in History from the University of Calgary and a Masters of Business Administration from the University of Alberta. He is an Officer of the Order of Canada, a CFA Charter holder and a graduate of the Directors Education Program sponsored by the Institute of Corporate Directors and the Rotman School of Business.
"Bob's many years of investment experience is a perfect fit for Alaris, his track record speaks for itself, we are very happy to be able to attract someone of Bob's stature to our Board of Directors," said Jack C. Lee, Chairman of the Board, Alaris Royalty Corp.
"I am pleased to have the opportunity to serve on the Alaris Board. I have always been interested in capital market innovation and, in Alaris, I will be joining an innovative organization with a proven track record of matching the provision of alternative capital to private companies with a source of funds provided by the long term investors in Alaris Royalty Corp.," said Bob Bertram, Director, Alaris Royalty Corp.
The Corporation provides alternative financing to a diversified group of 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 to Alaris from the Private Company Partners are structured as a percentage of a "top line" financial performance measure such as gross margin, same clinic sales, gross revenues and same-store sales and rank in priority to the owners' common equity position.
Vice President, Investments and Investor Relations