Alaris Equity Partners Income Trust Provides Update

About this update from Alaris Equity Partners Income Trust Trust Units Reg S 3c7

[{"type":"text","content":"Alaris-IncomeUpdate\n \n \n \n Alaris Equity Partners Income Trust Provides Update\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n CALGARY, AB, Oct. 5, 2020\n \n \n \n \n /NOT FOR DISTRIBUTION IN THE UNITED STATES.\n \n FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAW./\n \n \n \n CALGARY, AB\n \n ,\n \n Oct. 5, 2020\n \n /CNW/ - Alaris Equity Partners Income Trust (the \"\n \n Trust\n \n \" or \"\n \n Alaris\n \n \") (TSX: AD.UN) is pleased to provide an operational update, including an estimate for Q3 revenue which is expected to beat Q2 revenue by over 16% and previous guidance for the quarter by approximately 3%.\n \n \n \n \n \n \n \n \n \n \n Financial Update\n \n :\n \n \n \n Q3 revenue is estimated to be\n \n $23.5 million\n \n up\n \n $3.3 million\n \n from Q2 revenue of\n \n $20.2 million\n \n .\n \n \n The increase in Q3 revenue vs Q2 is a result of Body Contour Centers LLC (\n \n \"BCC\"\n \n ) paying\n \n US$1.7 million\n \n of distributions in the quarter vs NIL in Q2 2020 as well as the collection of\n \n US$0.9 million\n \n of distributions from Kimco Holdings, LLC, operating as Kimco Facility Services (\n \n \"Kimco\"\n \n ) in the quarter. Revenue was negatively impacted by a lower Canadian dollar in Q3 vs Q2 but more than offset by the positive developments in our underlying portfolio.\n \n \n Despite a difficult and uncertain economic environment, the strong demand for services/products that our Partners (as defined below) provide has resulted in better than previously expected financial performance for 2020 and a positive revision to certain Partners expected performance metric resets for 2021\n \n .\n \n As a result, Alaris believes organic revenue will be flat year over year when performance metrics are reset\n \n January 1, 2021\n \n \n .\n \n \n \n Alaris currently has available on its\n \n $330 million\n \n senior credit facility (the\n \n \"Facility\"\n \n ) approximately\n \n $192 million\n \n for investment purposes...

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