GREY:ALARF - Post by User
Post by
Rakaposhion Jun 22, 2020 8:33am
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Post# 31175685
Today's news...
Today's news...
Does this not mean our distributions will become taxable and will no longer be considered eligible?
Corporate Reorganization
Alaris would also like to announce that it is pursuing a corporate reorganization to convert (the "Conversion") from a corporation to a publicly-traded income trust (the "Trust") and has engaged legal and tax advisors to assist in structuring the Conversion. The Conversion is the foundation of a plan to enhance securityholder value and for continued prudent growth and will help simplify the Corporation's existing cross-border investment structure. Cash flow generated by the business of Alaris will be distributed to Alaris securityholders (as the holders of the units of the Trust) in accordance with a trust distribution policy which is expected to result in after tax cash distribution amounts that are similar to the amounts distributed to common shareholders under the current dividend policy of the Corporation.