Alaris Equity Partners Closes $115 Million Convertible Debentures Offering

Alaris Royalty ( ($TSE:AD.UN) ) has provided an announcement.

Alaris Equity Partners has successfully closed a $115 million bought deal offering of 6.25% convertible unsecured senior debentures, which will begin trading on the Toronto Stock Exchange under the symbol ‘AD.DB.C’. The proceeds from this offering will be used to partially repay outstanding debts and support future investments, demonstrating the Trust’s strategic effort to strengthen its financial position and expand its portfolio of private business investments.

The most recent analyst rating on ($TSE:AD.UN) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on Alaris Royalty stock, see the TSE:AD.UN Stock Forecast page.

Spark’s Take on TSE:AD.UN Stock

According to Spark, TipRanks’ AI Analyst, TSE:AD.UN is a Outperform.

Alaris Royalty’s strong financial performance, characterized by robust profitability and a healthy balance sheet, is a key strength. The stock appears undervalued with a high dividend yield, appealing to income investors. Despite limited technical momentum, recent strategic investments and consistent distributions bolster confidence in future growth. Overall, the stock presents a stable investment opportunity with potential upside from strategic initiatives.

To see Spark’s full report on TSE:AD.UN stock, click here.

More about Alaris Royalty

Alaris Equity Partners Income Trust operates in the financial services sector, focusing on structured equity investments in a diversified group of private businesses. The company aims to deliver stable and predictable returns to its unitholders through cash distributions and capital appreciation, supplemented by common equity positions to align with the interests of its business Partners.

Average Trading Volume: 73,399

Technical Sentiment Signal: Buy

Current Market Cap: C$929M

Find detailed analytics on AD.UN stock on TipRanks’ Stock Analysis page.