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CALGARY, AB, Sept. 18, 2020 /CNW/ - Alaris Equity Partners Income Trust ("Alaris" or the "Trust") (TSX: AD.UN) announces that the Board of Directors of the Trust (the "Board") has declared a trust distribution ("Distribution") of $0.31 per trust unit for the third quarter 2020, representing $1.24 per unit on an annualized basis, an increase of approximately 7% over the last quarterly dividend paid by Alaris Royalty Corp. The Distribution is payable on October 15, 2020 to unitholders of record on September 30, 2020.
The Trust 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 distribution payments to its unitholders. Distributions from the Private Company 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.
SOURCE Alaris Equity Partners Income Trust