Alaris Equity Partners Income 6 25 Senior Unsecured Debentures T.AD.DB.A

Q2 results - ??

[HermannHaller]

Stock is sagging but analyst notes today say results were in line with their expectations.

From the conference call:

• working on a big pipeline of potential deals
• expected to be more activity in market in Q3 and Q4
• deals are high quality, expect to achieve target metrics on any transaction
• have considered getting more active on NCIB, but IRRs on potential deals now are good, so focused on growing business
• likely to do another BCC type deal (investing 3rd party capital for higher ROE)
• have debenture due June/24, could repay using bank line, or issue new deb (depends on mkt). Deb is only 5.5%, so not a good idea to call early.
• have $266 million available on bank line for deals, don't need equity, and would not issue shares at current level

GLTA

[SunsetGrill]

Thanks for the info do you have any analysts notes? Scotia had nothing today in their daily edge report - likely tomorrow

[HermannHaller]

From CIBC: ALARIS EQUITY PARTNERS INCOME TRUST Getting Back On Track Our Conclusion Overall, we felt the Q2 print was much more in line than the preceding period. Revenue came in slightly above expectations, LMS is on track to resume distributions in Q3, the weighted-average ECR was unchanged sequentially (albeit with more private company partners moving down a band than up) and the 9

[HermannHaller]

From national bank: Alaris Equity Partners Income Trust Q2/23 Results: Bullseye, in line, as expected, steady as she goes AD.UN (TSX) STOCK RATING TARGET EST. TOTAL RETURN C$15.39 Outperform (Unchanged) C$23.00 (Unchanged) 58.3% Solid quarter, no surprises in Q3 guidance Q2/23 revenues were $36.9 million, just north of our $35.9 million call and below consensus of $38.1 million. EBITDA