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CALGARY, Jan. 16, 2020 /CNW/ - Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX: AD) announces that the Board of Directors of the Corporation has declared a dividend of $0.1375 per common share for the month of January 2020, representing $1.65 per share on an annualized basis. The dividend is payable on February 18, 2020 to shareholders of record on January 31, 2020. The ex-dividend date is January 30, 2020.

Alaris Royalty Corp. (CNW Group/Alaris Royalty Corp.)

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.

About Alaris:

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.

SOURCE Alaris Royalty Corp.

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