Alaris Equity Partners Income 6 25 Senior Unsecured Debentures ADLRF

Primary Symbol: T.AD.DB.A Alternate Symbol(s): 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 Apr 29, 2022 8:31am

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Previewing its first quarter, Desjardins Securities’ Gary Ho raised his Alaris Equity Partners Income Trust target to $24.50, exceeding the $24.29 average, from $24 with a “buy” rating.

“Our investment thesis is based on: (1) AD’s diverse portfolio is well-positioned to benefit from the overall U.S. macro outlook; (2) strong pace of capital deployment supported by a fortified balance sheet from the Kimco redemption and recent debt financing; (3) healthy 60–65-per-cent payout ratio; and (4) the units remain attractively valued, trading at 1.1 times P/BV with a 7.1-per-cent distribution yield,” he said.

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