Alaris Royalty Corp ALARF

RE:RE:RE:Paid "TODAY" APRIL 15th :>O

[Kadiddelhopper]

...from the March 19th News Releasr re : Quarterly Div ongoing from now... and the 2nd paragraph warning on Distributions beiMoving Monthly Dividend to Quarterly

The Board has also approved, after payment of the March 2020 dividend, changing the common share dividend payments from monthly to quarterly with the next dividend expected to be declared in June 2020 and paid in July 2020, which would cover dividends for the second quarter 2020.  The ongoing global response to the coronavirus disease ("COVID-19") continues to evolve rapidly and has already had a significant impact on the financial markets and global economy.  The Corporation feels that over the next 30 to 60 days it will have a better understanding of the short and long-term impacts the current economic situation will have on its business and will base its dividend for Q2 on those findings.  The Corporation is assessing such impacts on a daily basis and is of the view that changing the dividend from monthly to quarterly will provide Alaris with flexibility to navigate the uncertain times created by COVID-19. 

As of today, there have been no interruptions to cash flow streams and all expected distribution payments for March were paid.  However, we know that some of our Partners have had, or will have business interruption (see below for update). This will no doubt lead to a reduction in Q2 distributions as we will only record distributions we receive. At this time, we do not know the full extent of the financial impact of such interruptions or what the timeline will be for restoring normal operations for certain Partners that have been impacted thus far. 

"Our focus during this unprecedented time is to preserve the long-term value for shareholders. We're fortunate that other than in cases of government mandated shut downs, our portfolio is performing well given the profound economic impact the required measures taken by businesses and governments are having.  The quarterly dividend will allow for decisions to be made with more accurate information since so much continues to change on a daily basis. The defensive nature of our portfolio and our strong balance sheet will allow us to come out of this period in a position to take advantage of opportunities that will exist.  We have an active pipeline of deals that we were engaged in prior to the current crisis that we expect to come to fruition when the COVID19 crisis is dealt with and the impacts of it are known", said Steve King, President and CEO, Alaris Royalty Corp.ng impacted by Covoid-19