Alaris Royalty Corp. Declares Dividend and Provides Details on the Previously Announced Plan of Arrangement - Alaris Royalty Corp.
Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) announces that the Board of Directors of the Corporation has declared a dividend of $0.105 per common share, representing $1.26 per share on an annualized basis. The dividend is payable on June 17, 2013 to holders of record on May 31, 2013. The ex-dividend date is May 29, 2013.
Alaris is also pleased to announce that its previously announced plan of arrangement (the "Arrangement"), which was approved by shareholders at the annual and special meeting held on April 18, 2013, was completed on May 8, 2013. In accordance with the terms of the Arrangement, an aggregate of approximately 40,100 common shares were sold on behalf of Non-Qualified U.S. Shareholders (as that term is defined in the Corporation's management information - proxy circular dated March 20, 2013).