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

Alternate Symbol(s):  ADLRF | T.AD.UN

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.


TSX:AD.DB.A - Post by User

Post by retiredcfon Oct 19, 2023 9:59am
548 Views
Post# 35690688

Desjardins

Desjardins

Previewing its Nov. 8 earnings release, Desjardins Securities’ Gary Ho cut his Alaris Equity Partners Income Trust  target to $19.50 from $21, reiterating a “buy” rating. The average is $20.96.

“We expect 3Q to be slightly ahead of guidance given its TSY [The Shipyard LLC] deployment in August. ECR remains healthy (1.6 times) and the stronger US$ should benefit AD’s BVPU and 4Q outlook. While we trimmed our target ... on lower multiples given the contraction in peer valuation and the higher rate environment, we maintain our Buy rating and recognize that the recent check-back in the share price presents a buying opportunity (while clipping 10-per-cent yield to wait).”

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