March 18, 2014 10:59 ET
CALGARY, ALBERTA--(Marketwired - March 18, 2014) -
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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 April 15, 2014 to shareholders of record on March 31, 2014. The ex-dividend date is March 27, 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.
Alaris Royalty Corp.Curtis KrawetzVice President, Investments and Investor Relations(403) 221-7305Alaris Royalty Corp.Suite 232, 2031 33rd Avenue S.W.Calgary, Alberta T2T 1Z5www.alarisroyalty.com
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