The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Alaris Royalty Corp. Declares Increased Monthly Dividend (12% Increase)

Wednesday, October 12, 2011

Alaris Royalty Corp. Declares Increased Monthly Dividend (12% Increase)14:15 EDT Wednesday, October 12, 2011CALGARY, ALBERTA--(Marketwire - Oct. 12, 2011) - Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) announced today that the Board of Directors of the Corporation has declared a dividend of $0.095 per share on the Corporation's outstanding common shares. The new monthly dividend of $0.095 per share ($1.14 annualized) represents a $0.01 per share increase over the previous dividend of $0.085 per share ($1.02 annualized). The 12% increase was announced by Alaris on October 11, 2011 and is the third consecutive dividend increase by the Corporation since April 2010. The dividend is payable on November 15, 2011 to holders of record at the close of business on October 31, 2011. 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.FOR FURTHER INFORMATION PLEASE CONTACT: Curtis KrawetzAlaris Royalty Corp.Manager of Investor Relations & Business Analyst403.221.7305