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

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

Financial Services Asset Management

Alaris Equity Partners Income Trust (the Trust) is a Canada-based trust. The Trust’s operations consist of investments in private operating entities, typically in the form of preferred or common limited partnership interests, preferred or common interest in limited liability corporations in the United States, and loans receivable. The Trust’s Canadian investments are made through a wholly owned Canadian corporation, Alaris Equity Partners Inc. and its American investments are made through two Delaware corporations, Alaris Equity Partners USA Inc., Salaris USA Royalty Inc., and their subsidiaries.

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Alaris Equity Partners Income 6 25 Senior Unsecured Debentures

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Post by mickeymouseon Jan 07, 2021 9:14pm

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Post# 32251118

CIBC price target bumped from 19 to 20

CIBC just put out an earnings update a couple of hours ago - there were two things that were interesting in their new estimates.

CFPS estimates are as follows:

2020 - 1.89
2021 - 2.03
2022 - 2.23

Dividend estimates are as follows:

2020 - 1.36
2021 - 1.53
2022 - 1.70

So they are predicting a fairly significant bump in the dividend each of the next 2 years - and if their CFPS estimates are correct the expectations are realistic as the payout ratios will be in the 75% range even with the increased dividends.

So for what it is worth that is what the analysts at CIBC are projecting - it will be interesting to see how Alaris management proceeds - most likely caution with the dividend for this next quarter until things stabilize and maybe an increase for Q2 if things go as planned.

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