An anonymous trustee reports

ALARIS EQUITY PARTNERS ANNOUNCES CLOSING OF $115 MILLION BOUGHT DEAL OFFERING OF 6.25% CONVERTIBLE UNSECURED SENIOR DEBENTURE

Alaris Equity Partners Income Trust has completed its previously announced offering of convertible unsecured senior debentures with a syndicate of underwriters led by National Bank Capital Markets and CIBC Capital Markets and including Desjardins Capital Markets, Acumen Capital Finance Partners Ltd., Raymond James Ltd., RBC Capital Markets, Scotiabank and Cormark Securities Inc. A total of $115-million aggregate principal amount of debentures were issued at a price of $1,000 per debenture, including through the full exercise of the $15-million overallotment option granted to the underwriters in connection with the offering.

The debentures will bear interest at a rate of 6.25 per cent per annum, payable semi-annually in arrears on June 30 and Dec. 31 of each year commencing on June 30, 2026. The first payment will include accrued and unpaid interest for the period from the closing date to, but excluding, June 30, 2026. The debentures will mature on Dec. 31, 2030. The debentures will commence trading today on the Toronto Stock Exchange under the symbol AD.DB.C.

The trust intends to use the net proceeds of the offering to partially repay outstanding indebtedness under Alaris's subsidiary's senior credit facility, which may be subsequently redrawn and used to finance future investments in new partner (as defined below) investments or general trust purposes.

About Alaris Equity Partners Income Trust

Alaris Equity Partners, through its subsidiaries, invests in a diversified group of private businesses (partners) primarily through structured equity. The primary goal of Alaris's 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 Alaris to generate returns in alignment with the founders of Alaris's partners.

We seek Safe Harbor.