Stewart Information Services Corporation (NYSE:STC) acquired FNC Title Services, LLC from Alaris Equity Partners Income Trust (TSX:AD.UN) and others on October 1, 2022. Alaris Equity Partners Income Trust received gross proceeds of $58.3 million consisting of (i) $48.6 million for the redemption of all of Alaris' preferredequity (which includes $5.2 million for distributions (the "Make Whole Distributions") owed up to the third anniversary date of Alaris' initial investment), and (ii) $9.7 million for the purchase of Alaris' investment in the common equity of FNC (which includes $1.4 million of the FNC Proceeds that Alaris agreed to escrow in connection with the FNC redemption to cover potential indemnification obligations). FNC will continue operating as a standalone company.

Stewart Information Services Corporation (NYSE:STC) completed the acquisition of FNC Title Services, LLC from Alaris Equity Partners Income Trust (TSX:AD.UN) and others on October 1, 2022.