CALGARY, ALBERTA--(Marketwired - July 17, 2013) -
NOT FOR DISTRIBUTION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.
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. This is the first dividend to be declared at the increased level of $0.12 per common share (previously $0.115 per month) since the June 25, 2013 announcement by the Corporation. The dividend is payable on August 15, 2013 to shareholders of record on July 31, 2013. The ex-dividend date is July 29, 2013.
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 also announces today that it intends to release its second quarter 2013 results on or around Friday, July 26, 2013. The results will cover the three and six months ended June 30, 2013.
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.