Calgary, AB, Sept. 10, 2020
/CNW/ - Alaris Equity Partners Income Trust (the
"Trust" or "Alaris"), formerly Alaris Royalty Corp.
(the "Corporation"), is pleased to announce the commencement
of trading in its trust units (the "Units") under the symbol
AD.UN on the Toronto Stock Exchange ("TSX"). The
common shares ("Common Shares") of the Corporation with the
trading symbol AD have been delisted and replaced by the
Units. The Units began trading on September 4, 2020 following the closing of the
plan of arrangement under the Canada Business Corporations
Act (the "Arrangement") pursuant to which the Trust
indirectly acquired all of the issued and outstanding Common Shares
in exchange for Units. The outstanding convertible debentures
of the Corporation, as assumed by the Trust as co-obligator (the
"Convertible Debenture") will remain listed on the TSX under
the symbol "AD.DB".
CUSIP numbers in respect of the Units initially issued by the
Trust under the Arrangement based on the representations (or deemed
representations) of each former shareholder of the Corporation are
as follows:
- Trust Units (Non-U.S. Shareholders) - CUSIP: C01097101; ISIN:
CAC010971017
- Trust Units (QIBs) - CUSIP: 011664117; ISIN: US0116641178
- Trust Units (U.S. Shareholders - non-QIBs) - CUSIP: 011664109;
ISIN: US0116641095
- Convertible Debentures - CUSIP: C01097AA9; ISIN:
CAC01097AA98
Notwithstanding the different CUSIPs assigned to certain of the
Units, all Units issued under the Arrangement are of the same class
and, subject to the applicable resale restrictions (if any) imposed
on the applicable unitholders and as represented by each different
CUSIP, are the same in all respects.
Further details of the Arrangement, including certain income tax
considerations with respect thereto and the applicable resale
restrictions (if any) in respect to the Units issuable under the
Arrangement are contained in the information circular of the
Corporation dated July 21, 2020, a
copy of which is available under Alaris' SEDAR profile at
www.sedar.com.
ABOUT ALARIS:
Alaris provides alternative financing to private companies
("Partners") in exchange for distributions with the
principal objective of generating stable and predictable cash flows
for dividend payments to its shareholders. Distributions from
the Partners are adjusted each year based on the percentage change
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.
Neither the TSX nor its Regulation Services Provider (as
that term is defined in the policies of the TSX) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Alaris Equity Partners Income Trust