CALGARY, ALBERTA--(Marketwire - Nov. 17, 2009) - Alaris
Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD)
announced today that the Board of Directors of the Corporation has declared a
dividend of $0.07 per share on the Corporation's outstanding voting common
shares and non-voting common shares (collectively, the "ARC
Shares"). The dividend is payable on December 15, 2009 to holders of ARC
Shares of record at the close of business on November 30, 2009.
This dividend is designated by
the Corporation to be an eligible dividend for the purpose of the Income Tax
Act (Canada) and any similar provincial or territorial legislation. An
enhanced dividend tax credit applies to eligible dividends paid to Canadian
residents.
About the Corporation:
The Corporation provides alternative financing for a
diversified group of private businesses ("Private Company Partners")
in exchange for royalties or distributions from the Private Company Partners,
with the principal objective of generating stable and predictable cash flows
for dividend payments to its shareholders. Royalties or distributions from the
Private Company Partners are structured as a percentage of a "top line"
financial performance measure such as gross margin and same-store sales and
rank in priority to the owners' common equity position.