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 retiredcfon Mar 11, 2022 7:57am

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Desjardins Securities’ Gary Ho raised his Alaris Equity Partners Income Trust target by $1 to $24 with a “buy” rating.

“Alaris reported a solid quarter which showed the early success of its pivot to common equity investments (10 per cent of total portfolio), demonstrated by robust FV gains. Two near-term catalysts for AD — Kimco redemption/crystallizing of unpaid distributions and the subsequent deployment into a follow-on investment. AD pref collars also offer rate reset benefits in an elevated inflationary environment. We upped our forecasts and bumped our target price,” said Mr. Ho.

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