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Abstract
(Marketwire - Oct. 11, 2011) - Alaris Royalty Corp. ("Alaris" or the "Company") (TSX:AD) is pleased to announce it has completed a $22,400,000 funding (the "Contribution") of KMH Cardiology Limited Partnership ("KMH" or the "Partnership") in support of its growth program. Under the terms of the funding (the "Transaction"), Alaris' distribution (the "Distribution") from KMH will increase by $3,319,000 on an annualized basis. The Distribution will increase Alaris' distributable cash per share ("DCPS") by approximately $0.15, a 15% increase.
The terms "distributable cash per share", "payout ratio", and "proforma distributable cash per share" (the "Non-IFRS Measures") are financial measures used in this news release that are not standard measures under International Financial Reporting Standards ("IFRS"). The Company's method of calculating the Non-IFRS Measures may differ from the methods used by other issuers. Therefore, the Company's Non-IFRS Measures may not be comparable to similar measures presented by other issuers.
This news release contains forward-looking statements. Statements other than statements of historical fact contained in this news release may be forward-looking statements, including, without limitation, management's expectations, intentions and beliefs concerning the transaction described herein including: the expected Distribution to the Company and the expected adjustments thereto; the expected timing of payment of the Distributions; the expected impact of the clinic acquisitions to KMH; the expected timing of the close of the second clinic to be acquired by KMH; the expectations for the seamless nature of the clinic acquisitions by KMH; and the expected effect on the Company's distributable cash per share. Many of these statements can be identified by looking for words such as "believe", "expects", "will", "intends", "projects", "anticipates", "estimates", "continues" or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward looking statements are based will occur.