Alaris Royalty Corp. Provides an Update Regarding Agility Health

CALGARY, ALBERTA--(Marketwired - Nov. 4, 2016) -


Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) is providing an update today regarding Agility Health, LLC ("Agility").

Agility has been undertaking a strategic process (the "Agility Process") with the intention of repurchasing Alaris' preferred units in Agility (the "Alaris Repurchase"). During the Agility Process, Alaris agreed to defer the monthly distributions (the "Deferred Distributions") from Agility from March 2016 through September 2016. The distributions from Agility (US$254,901 per month) restarted as expected in October 2016 but the amount of previously Deferred Distributions remain outstanding. Alaris has now formally demanded that Agility repurchase the units (the "Agility Units") of Agility held by Alaris at a premium to Alaris' original cost as provided under our agreements with Agility. However, Alaris has indicated that it will refrain from exercising further rights and remedies available to it for a period of 90 days, subject to Agility continuing to meet certain conditions. Alaris intends to work with Agility to help facilitate a transaction that Agility is currently working on, which would see the Agility Units repurchased within 90 days, but for which no formal agreements have been finalized. The Corporation will provide further updates when necessary.

About the Corporation:

Alaris provides alternative financing to private company partners (the "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.

Forward-Looking Statements

Certain information set out in this press release, including information and statements that contain words such as "could", "intends", "will", "anticipates" and similar expressions and statements relating to matters that are not historical facts may contain forward-looking statements under applicable securities legislation, including statements regarding the repurchase of the Agility Units and Alaris' intention with respect to exercising its rights and remedies. By their nature forward-looking statements are subject to numerous risks, uncertainties and assumptions, some of which are beyond Alaris' control, including, without limitation a failure of Agility to complete the above noted transaction or any other transaction to repurchase the Agility Units or a failure of Agility to satisfy the conditions set out above. Additional information on risks that could affect the repurchase of the Agility Units and the operation of the Company and its Partners is set forth in Alaris Annual Information Form for the year ended December 31, 2015 available on Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The actual results, performance or achievement of the Company could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Alaris will derive therefrom. Alaris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

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.

Contact Information:

Alaris Royalty Corp.
Curtis Krawetz
Vice President, Investments and Investor Relations
(403) 221-7305

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