Alaris Royalty Corp. Declares September Dividend

World News: . []

CALGARY, Alberta, Sept. 19, 2017 (GLOBE NEWSWIRE) -- Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) announces that the Board of Directors of the Corporation has declared a dividend of $0.135 per common share for the month of September 2017, representing $1.62 per share on an annualized basis.  The dividend is payable on October 16, 2017 to shareholders of record on September 29, 2017.  The ex-dividend date is September 27, 2017.

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.  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.

Curtis KrawetzVice President, Investments and Investor RelationsAlaris Royalty Corp.P: (403) 221-7305Suite 250, 333 24 Avenue S.W.Calgary, Alberta T2S 3E6

More news and information about Alaris Royalty Corp.

Published By:

Globe Newswire: 17:26 GMT Tuesday 19th September 2017

Published: .

Search for other references to "alaris" on SPi News

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2017. [Admin Only]
Sector Publishing Intelligence Ltd.
Ground Floor Offices, Little Keep Gate, Barrack Road, Dorchester, Dorset DT1 1AH
Registered in England and Wales number 0751938.
Privacy Policy | Terms and Conditions | Contact Us

Advertising on SPi News: Information For Advertisers