An anonymous trustee reports

ALARIS EQUITY PARTNERS ANNOUNCES FILING OF FINAL PROSPECTUS

Alaris Equity Partners Income Trust has filed, and obtained a receipt for, a final short form prospectus in each of the provinces of Canada, other than Quebec, with respect to the previously announced bought deal offering of $100-million principal amount of 6.25 per cent convertible unsecured senior debentures through a syndicate of underwriters led by National Bank Financial Inc. and CIBC Capital Markets. The trust has also granted the underwriters an option to purchase up to an additional $15-million aggregate principal amount of debentures, on the same terms and conditions, exercisable in whole or in part, from time to time, up to 30 days following the closing of the offering.

Access to the prospectus and any amendment thereto is provided in accordance with securities legislation relating to procedures for providing access to a prospectus and any amendment thereto. The prospectus and any amendment thereto are accessible on SEDAR+. An electronic or paper copy of the prospectus and any amendment thereto may be obtained, without charge, by contacting National Bank Financial Inc. by phone at 416-869-8414 or by e-mail at NBF-Syndication@bnc.ca, or CIBC Capital Markets at 161 Bay St., fifth floor, Toronto, Ont., M5J 2S8, by phone at 416-956-6378 or by e-mail at mailbox.canadianprospectus@cibc.com, by providing the contact with an e-mail address or address, as applicable. Prospective investors should read the prospectus in its entirety before making an investment decision.

The closing of the offering is expected to occur on Dec. 17, 2025, subject to customary closing conditions.

About Alaris Equity Partners Income Trust

The trust, through its subsidiaries, invests in a diversified group of private businesses primarily through structured equity. The primary goal of its structured equity investments is to deliver stable and predictable returns to its unitholders through both cash distributions and capital appreciation. This strategy is enhanced by common equity positions, which allow the trust to generate returns in alignment with the founders of its partners.

We seek Safe Harbor.