CALGARY, AB , Aug. 31, 2020 /CNW/ - Alaris Royalty Corp. (" Alaris " or the " Corporation ") (TSX:AD.TO) is pleased to announce that it has received shareholder approval for its previously announced plan of arrangement (the " Arrangement ") to convert Alaris to a publicly-traded income trust to be named Alaris Equity Partners Income Trust (the " Trust "), pursuant to a statutory plan of arrangement under the provisions of the Canada Business Corporations Act . Shareholders approved the arrangement at the virtual special meeting (the " Meeting ") of holders (" Shareholders ") of common shares (" Common Shares ") of the Corporation held on August 31, 2020 with 99.03% of the votes cast by Shareholders either at the Meeting or by proxy voting in favour of the Arrangement. Following the Meeting, on August 31, 2020 , Alaris obtained the final order approving the Arrangement from the Court of Queen's Bench of Alberta . As such, the Corporation expects that the Arrangement will become effective on September 1, 2020 (the " Effective Date "). Subject to closing the Arrangement on the Effective Date, it is expected that the trust units of the Trust (the " Trust Units ") will commence trading on the Toronto Stock Exchange (the " TSX ") on or about September 4, 2020 under the symbol "AD.UN" subject to receipt of final documentation by the TSX. On or after the Effective Date, trading in Common Shares on the TSX will be on an "entitlement" basis for Trust Units.
All Shareholders are encouraged to read the information circular (the "Circular") of the Corporation dated July 21, 2020 and letter of transmittal, copies of which are available under Alaris' SEDAR profile at www.sedar.com , for further details on the terms of the Arrangement.
Shareholder Questions and Assistance
If you have any questions with respect to the Arrangement, please contact our proxy solicitor:
Laurel Hill Advisory Group
1-877-452-7184 toll-free in North America
1-416-304-0211 collect outside North America
Email: assistance@laurelhill.com .