Press release from Marketwire
Alaris Royalty Corp. Declares January Dividend
Friday, January 17, 2014
Alaris Royalty Corp. Declares January Dividend10:29 EST Friday, January 17, 2014
CALGARY, ALBERTA--(Marketwired - Jan. 17, 2014) -
NOT FOR DISTRIBUTION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.
Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) announces that the Board of Directors of the Corporation has declared a dividend of $0.12 per common share, representing $1.44 per share on an annualized basis. The dividend is payable on February 18, 2014 to shareholders of record on January 31, 2014. The ex-dividend date is January 29, 2014.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Alaris Royalty Corp.
Vice President, Investments and Investor Relations