Alaris Equity Partners Income 5 50 convertible unsecured subordinated Debentures T.AD.DB

Alternate Symbol(s): ADLRF | T.AD.DB.A | T.AD.UN

Financial Services Asset Management

Alaris Equity Partners Income Trust (the Trust) is a Canada-based private equity company. The Trust, through its subsidiaries, provides alternative financing to private companies. The Trust’s operations consist primarily of investments in private operating entities. The principal objective of the Trust is to generate stable and predictable cash flows for payment of distributions to unitholders of the Trust. The Trust offers a range of services, which include services, healthcare services, industrial services, professional services, information technology services, and construction-related services. The Company’s investments are made through a wholly owned Canadian corporation, Alaris Equity Partners Inc., and its American investments are made through, Alaris Equity Partners USA Inc. (Alaris USA) and Salaris USA Royalty Inc. (Salaris USA). The Trust also has a wholly owned subsidiary in the Netherlands, Alaris Cooperatief U.A. (Alaris Cooperatief).

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Alaris Equity Partners Income 5 50 convertible unsecured subordinated Debentures

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Post by HermannHalleron Mar 15, 2024 9:06am

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Post# 35934530

CIBC comments on Q4

ALARIS EQUITY PARTNERS INCOME TRUST

Slightly Positive Q4 Print

Our Conclusion

Alaris reported a slightly stronger-than-expected quarter with revenue and G&A both coming in a bit better than anticipated. The weighted average earnings coverage ratio and run-rate payout ratio were both stable. The company indicated it expects a flat overall reset in 2024, but this is not particularly surprising considering revenue trends at the private company partners in 2023. Overall, we thought it was a slightly positive quarter. We maintain our Outperformer rating and $20.00 price target.

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