This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.														Estimates	Estimates	Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.														Q1 2026	<-Estimates
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/			3/31/26	<-Estimates
Alaris Equity Partners Income Trust					TSX	AD.UN	OTC	ALARF	https://www.alarisroyalty.com/			Fiscal Yr:	Dec 31
Year	12/31/13	12/31/14	12/31/15	12/31/16	12/31/17	12/31/18	12/31/19	12/31/20	12/31/21	12/31/22	12/31/23	12/31/24	12/31/25	12/31/26	12/31/27	12/31/28		Value	Description	#Y	Item	Total G
Accounting Rules			IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS					Accounting Rules
Revenue from annual statements				$100.0	$89.1	$100.1	$116.0
Other				$23.7	$27.9	$19.6	-$46.5														Revenue
Total Revenue & Other Op Inc	$52.7	$66.7	$77.7	$123.8	$117.0	$119.7	$69.5	$68.3	$214.9	$198.1	$241.3	$155.0	$176.7	$208.0	$227.2			127.47%	<-Total Growth	10	Revenue
Increase	64.17%	26.50%	16.51%	59.35%	-5.47%	2.28%	-41.94%	-1.77%	214.79%	-7.82%	21.79%	-35.76%	14.01%	17.71%	9.23%			8.57%	<-IRR #YR->	10	Revenue
5 year Running Average	$33.8	$43.5	$55.7	$70.6	$87.6	$101.0	$101.5	$99.6	$117.9	$134.1	$158.4	$175.5	$197.2	$195.8	$201.6			20.95%	<-IRR #YR->	5	Revenue
Revenue per Share	$1.84	$2.08	$2.14	$3.41	$3.18	$3.28	$1.89	$1.75	$4.76	$4.39	$5.30	$3.40	$3.90	$4.59	$5.01			13.48%	<-IRR #YR->	10	5 yr Running Average
Increase	27.80%	13.18%	2.93%	59.21%	-6.69%	3.17%	-42.27%	-7.53%	171.89%	-7.82%	20.86%	-35.93%	14.72%	17.71%	9.23%			14.62%	<-IRR #YR->	5	5 yr Running Average
5 year Running Average	$1.68	$1.78	$2.00	$2.18	$2.53	$2.82	$2.78	$2.70	$2.97	$3.21	$3.62	$3.92	$4.35	$4.31	$4.44			6.18%	<-IRR #YR->	10	Revenue per Share
P/S (Price/Sales) Med	16.66	14.60	13.72	7.19	6.65	5.67	10.28	8.45	3.73	4.03	2.93	5.20	4.83	4.65	4.25			17.36%	<-IRR #YR->	5	Revenue per Share
P/S (Price/Sales) Close	16.26	17.01	10.98	7.03	6.50	5.18	11.58	8.63	3.95	3.66	3.07	5.64	5.28	4.87	4.46			8.05%	<-IRR #YR->	10	5 yr Running Average
* Total Revenue in M CDN $					P/S Med	20 yr	5.89	15 yr	6.65	10 yr	5.43	5 yr	4.03		-10.32%	Diff M/C		9.99%	<-IRR #YR->	5	5 yr Running Average
			-$77.7	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$176.7
								-$68.3	$0.0	$0.0	$0.0	$0.0	$176.7
			-$55.7	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$197.2
								-$99.6	$0.0	$0.0	$0.0	$0.0	$197.2
			-$2.14	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.90
								-$1.75	$0.00	$0.00	$0.00	$0.00	$3.90
			-$2.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.35
								-$2.70	$0.00	$0.00	$0.00	$0.00	$4.35
														$185	<-12 mths	4.48%			Estimates		last 12 months from Qtr.
Total Distributions*	$51.6	$68.2	$81.9	$98.5	$86.7	$98.0	$111.3	$106.7	$143.5	$190.9	$165.6							-100.00%	<-Total Growth	8	Revenue	MANAGEMENT DISCUSSION AND ANALYSIS
Other Income	$1.1	$1.1	$9.5	$1.6	$2.4	$2.1	$4.6	$2.7	$4.2	-$0.8	-$3.0							-100.00%	<-Total Growth	8	Revenue	Market Screener
Total Revenue* (adjusted)	$52.7	$69.3	$91.4	$100.0	$89.1	$100.1	$116.0	$109.5	$147.7	$190.046	$162.567	$154.989	$176.701	$208.0	$227.2			93.30%	<-Total Growth	10	Revenue
Increase	64.15%	31.49%	31.90%	9.44%	-10.95%	12.34%	15.88%	-5.59%	34.87%	28.70%	-14.46%	-4.66%	14.01%	17.71%	9.23%			6.81%	<-IRR #YR->	10	Revenue	93.30%
5 year Running Average	$28.2	$38.5	$53	$69	$81	$90	$99	$103	$112	$133	$145	$153	$166	$178.5	$185.9			10.05%	<-IRR #YR->	5	Revenue	61.40%
Revenue per Share	$1.97	$2.28	$2.69	$2.75	$2.44	$2.72	$3.17	$3.03	$3.36	$4.20	$3.58	$3.41	$3.89	$4.59	$5.01			12.03%	<-IRR #YR->	10	5 yr Running Average	211.48%
Increase	28.72%	15.29%	18.25%	2.29%	-11.23%	11.37%	16.41%	-4.35%	10.74%	25.13%	-14.84%	-4.77%	14.17%	17.97%	9.23%			10.08%	<-IRR #YR->	5	5 yr Running Average	61.65%
5 year Running Average	$1.59	$1.66	$1.95	$2.25	$2.43	$2.58	$2.76	$2.82	$2.94	$3.30	$3.47	$3.51	$3.69	$3.93	$4.09			3.75%	<-IRR #YR->	10	Revenue per Share	44.48%
P/S (Price/Sales) Med	15.50	13.33	10.91	8.90	8.64	6.83	6.14	4.88	5.28	4.21	4.34	5.19	4.84	4.65	4.25			5.11%	<-IRR #YR->	5	Revenue per Share	28.30%
P/S (Price/Sales) Close	15.13	15.53	8.73	8.70	8.46	6.24	6.92	4.99	5.60	3.82	4.55	5.62	5.29	4.87	4.46			6.58%	<-IRR #YR->	10	5 yr Running Average	89.16%
*Revenue in  M CDN $					P/S Med	20 yr	6.14	15 yr	6.83	10 yr	5.24	5 yr	4.84		-6.92%	Diff M/C		5.47%	<-IRR #YR->	5	5 yr Running Average	30.52%
Called Total Revenue & Operating Income in 2024
			-$91.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$176.7
								-$109.5	$0.0	$0.0	$0.0	$0.0	$176.7
			-$53.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$166.4
								-$102.9	$0.0	$0.0	$0.0	$0.0	$166.4
			-$2.69	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.89
								-$3.03	$0.00	$0.00	$0.00	$0.00	$3.89
			-$1.95	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.69
								-$2.82	$0.00	$0.00	$0.00	$0.00	$3.69
Net Distribution Cash Flow											$77.745	$130.486	$109.430						<-Total Growth	2	Net Distribution Cash Flow
Increase												67.84%	-16.14%					25.85%	<-Median->	2	Increase
Dividends Paid											$61.80	$61.92	$61.89						<-Total Growth	2	Dividends Paid
Payout Ratio											79.49%	47.45%	56.56%					56.56%	<-Median->	3	Payout Ratio
Cash Flow per Unit											$1.71	$2.87	$2.41						<-Total Growth	2	Cash Flow per Unit
Increase												67.84%	-16.03%					25.90%	<-Median->	2	Increase
Earnings and Comprehensive Inc												$234.415	$90.812						<-Total Growth	1	Earnings and Comp Inc
Per Unit												$5.15	$2.00						<-Total Growth	1	Per Unit
Increase													-61.17%					-61.17%	<-Median->	1	Increase
Earnings from Operations		$49.628	$55.695	$73.398	$67.433	$79.047	$74.658	$71.881	$140.073	$171.014	$141.010	$128.965	$151.319	$104.000	$106.000			171.69%	<-Total Growth	10	Earnings from Operations
Per Unit		$1.63	$1.64	$2.02	$1.85	$2.15	$2.04	$1.99	$3.18	$3.78	$3.10	$2.83	$3.33	$2.29	$2.33			103.05%	<-Total Growth	10	Per Unit
Increase			0.61%	23.17%	-8.42%	16.22%	-5.12%	-2.45%	59.80%	18.87%	-17.99%	-8.71%	17.67%	-31.26%	1.92%			10	0	10	Years of Data, EPS P or N
5 year Running Average						$1.86	$1.94	$2.01	$2.24	$2.63	$2.82	$2.98	$3.24	$3.07	$2.78			7.34%	<-IRR #YR->	10	CFO
AEPS Yield		4.61%	6.98%	8.43%	8.95%	12.65%	9.30%	13.17%	16.92%	23.57%	19.03%	14.78%	16.18%	10.24%	10.43%			10.85%	<-IRR #YR->	5	CFO
Payout Ratio		90.18%	94.82%	80.20%	87.57%	75.47%	80.88%	57.79%	39.62%	34.92%	43.87%	48.06%	40.84%	64.66%	63.44%			8.29%	<-IRR #YR->	7	5 yr Running Average
5 year Running Average						0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	23.53%	24.28%			10.05%	<-IRR #YR->	5	5 yr Running Average
Price/CFO Median		18.62	17.90	12.13	11.42	8.64	9.54	7.43	5.58	4.68	5.01	6.25	5.65	9.31	9.13			6.84	<-Median->	10	Price/CFO Median
Price/CFO High		22.52	22.44	15.39	13.03	9.67	10.95	11.73	6.50	5.45	5.96	7.03	6.16	9.94	9.76			8.35	<-Median->	10	Price/CFO High
Price/CFO Low		14.72	13.37	8.88	9.81	7.62	8.13	3.14	4.65	3.90	4.06	5.46	5.15	8.68	8.51			5.30	<-Median->	10	Price/CFO Low
Price/CFO Close		21.69	14.33	11.86	11.17	7.90	10.75	7.59	5.91	4.24	5.25	6.77	6.18	9.77	9.58			7.18	<-Median->	10	Price/CFO Close
Trailing P/CFO Close		#DIV/0!	14.42	14.60	10.23	9.18	10.20	7.41	9.44	5.04	4.31	6.18	7.27	6.71	9.77			8.30	<-Median->	10	Trailing P/CFO Close
Median Values	Historical	in order	8.04	10.31	6.54	7.75	P/AEPS	5 Yrs	in order	5.58	6.16	4.65	5.91		75.16%	Diff M/C
Net cash from operating activities per share
			-$1.64	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.33
								-$1.99	$0.00	$0.00	$0.00	$0.00	$3.33
						-$1.86	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.24
								-$2.01	$0.00	$0.00	$0.00	$0.00	$3.24
														$1.64	<-12 mths	-6.29%			Estimates		Last 12 months from Qtr
Difference Basic and Diluted	2.68%	1.86%	1.18%	1.09%	3.03%	1.20%	1.01%	0.00%	4.57%	3.46%	3.93%	1.36%	12.50%					0.02	<-Median->	10	Difference Basic and Diluted
EPS Basic	$1.12	$1.61	$1.70	$1.83	$0.33	$1.67	$0.99	$0.56	$3.28	$2.89	$3.05	$5.15	$2.00					17.65%	<-Total Growth	10	EPS Basic
EPS Diluted*	$1.09	$1.58	$1.68	$1.81	$0.32	$1.65	$0.98	$0.56	$3.13	$2.79	$2.93	$5.08	$1.75	$2.07	$2.27	$3.46		4.17%	<-Total Growth	10	EPS Diluted
Increase	29.76%	44.95%	6.33%	7.74%	-82.32%	415.63%	-40.61%	-42.86%	458.93%	-10.86%	5.02%	73.38%	-65.55%	18.29%	9.66%	52.42%		10	0	10	Years of Data, EPS P or N	100.00%
Earnings Yield	3.65%	4.47%	7.15%	7.56%	1.55%	9.71%	4.47%	3.71%	16.66%	17.39%	17.99%	26.53%	8.50%	9.26%	10.15%	15.47%		0.41%	<-IRR #YR->	10	Earnings per Share	4.17%
5 year Running Average	$1.29	$1.24	$1.43	$1.40	$1.30	$1.41	$1.29	$1.06	$1.33	$1.82	$2.08	$2.90	$3.14	$2.92	$2.82	$2.93		25.59%	<-IRR #YR->	5	Earnings per Share	212.50%
10 year Running Average				$1.27	$1.18	$1.35	$1.27	$1.25	$1.36	$1.56	$1.74	$2.09	$2.10	$2.13	$2.32	$2.50		8.15%	<-IRR #YR->	10	5 yr Running Average	108.86%
* Diluted ESP per share									E/P	10 Yrs	9.11%	5Yrs	17.39%					24.13%	<-IRR #YR->	5	5 yr Running Average	120.18%
			-$1.68	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.75
								-$0.56	$0.00	$0.00	$0.00	$0.00	$1.75
			-$1.43	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.14
								-$1.06	$0.00	$0.00	$0.00	$0.00	$3.14
Dividend Estimate														$1.49	$1.53				Estimates		Dividend Estimate
Increase														9.78%	2.48%				Estimates		Increase
Payout Ratio EPS														72.13%	67.40%				Estimates		Payout Ratio EPS
Special Dividends	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	10	Special Dividends
Dividend*	$1.35	$1.47	$1.56	$1.62	$1.62	$1.62	$1.65	$1.15	$1.26	$1.32	$1.36	$1.36	$1.36	$1.48	$1.48	$1.48		-12.54%	<-Total Growth	10	Dividends
Increase	14.96%	9.29%	5.78%	4.18%	0.00%	0.15%	1.69%	-30.30%	9.57%	4.76%	3.03%	0.00%	0.00%	8.82%	0.00%	0.00%		11	2	16	Years of data, Count P, N
Average Increases 5 Year Running		8.50%	10.87%	9.34%	6.84%	3.88%	2.36%	-4.85%	-3.78%	-2.83%	-2.25%	-2.59%	3.47%	3.32%	2.37%	1.76%		0.06%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running	$1.10	$1.19	$1.32	$1.43	$1.52	$1.58	$1.61	$1.53	$1.46	$1.40	$1.35	$1.29	$1.33	$1.38	$1.41	$1.43		-12.48%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	4.39%	4.84%	5.30%	6.61%	7.67%	8.73%	8.48%	7.77%	7.10%	7.47%	8.76%	7.69%	7.23%	6.95%				7.68%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	3.66%	4.01%	4.23%	5.21%	6.72%	7.81%	7.39%	4.93%	6.10%	6.40%	7.36%	6.83%	6.63%	6.50%				6.68%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	5.49%	6.13%	7.09%	9.03%	8.93%	9.90%	9.95%	18.40%	8.51%	8.96%	10.81%	8.80%	7.93%	7.45%				8.99%	<-Median->	10	Yield on Low Price	CFPS
Yield on Close Price	4.50%	4.16%	6.62%	6.76%	7.84%	9.55%	7.52%	7.61%	6.71%	8.23%	8.35%	7.10%	6.61%	6.62%	6.62%	6.62%		7.57%	<-Median->	10	Yield on Close Price	FCF
Payout Ratio EPS	123.39%	93.04%	92.56%	89.50%	506.25%	98.33%	168.37%	205.36%	40.26%	47.31%	46.42%	26.77%	77.71%	71.50%	65.20%	42.77%		83.61%	<-Median->	10	DPR EPS
DPR EPS 5 Yr Running	84.75%	95.89%	91.90%	102.29%	117.44%	112.04%	125.27%	144.03%	109.98%	76.87%	64.87%	44.51%	42.47%	47.06%	49.93%	48.94%		106.13%	<-Median->	10	DPR EPS 5 Yr Running
Payout Ratio CFPS	88.22%	94.96%	101.13%	80.32%	81.36%	74.81%	81.00%	62.40%	54.62%	39.10%	74.59%	104.51%	-49.44%	55.33%	#DIV/0!	#DIV/0!		74.70%	<-Median->	10	DPR CF
DPR CF 5 Yr Running	101.09%	103.61%	100.53%	91.65%	88.30%	85.15%	82.73%	76.19%	70.58%	59.69%	59.19%	60.56%	109.96%	107.08%	#DIV/0!	#DIV/0!		79.46%	<-Median->	10	DPR CF 5 Yr Running
Payout Ratio CFPS WC	84.91%	76.42%	82.42%	67.47%	72.40%	74.01%	60.02%	46.66%	40.61%	34.85%	52.31%	101.14%	-54.40%	55.33%	#DIV/0!	#DIV/0!		56.17%	<-Median->	10	DPR CF WC
DPR CF WC 5 Yr Running	96.30%	92.62%	87.16%	79.40%	75.85%	74.12%	70.36%	63.62%	57.29%	48.98%	45.84%	48.50%	79.91%	87.01%	#DIV/0!	#DIV/0!		66.99%	<-Median->	10	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	7.68%	7.57%	5 Yr Med	5 Yr Cl	7.47%	7.10%	5 Yr Med	Payout	46.42%	54.62%	40.61%					3.41%	<-IRR #YR->	5	Dividends	18.26%
* Dividends per share	10 Yr Med	and Cur.	-13.83%	-12.53%	5 Yr Med	and Cur.	-11.37%	-6.80%	Last Div Inc --->		$0.340	$0.370	8.82%					-1.33%	<-IRR #YR->	10	Dividends	-12.54%
Dividends Growth 15																		2.57%	<-IRR #YR->	15	Dividends
																		2.00%	<-IRR #YR->	16	Dividends
Dividends Growth 20
Dividends Growth 5								-$1.15	$0.00	$0.00	$0.00	$0.00	$1.36								Dividends Growth 5
Dividends Growth 10			-$1.56	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.36								Dividends Growth 10
Dividends Growth 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.36								Dividends Growth 15
Dividends Growth 20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.36								Dividends Growth 20
Historical Dividends	Historical	High Div	18.93%	Low Div	3.94%	10 Yr High	17.64%	10 Yr Low	4.96%	Med Div	7.47%	Close Div	7.10%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-65.03%		67.99%	Exp.	-62.48%		33.45%	Exp.	-11.39%	Exp.	-6.80%								High/Ave/Median
Future Dividend Yield					Div Yd	7.83%	earning in	5.00	Years	at IRR of	3.41%	Div Inc.	18.26%								Future Dividend Yield
Future Dividend Yield					Div Yd	9.26%	earning in	10.00	Years	at IRR of	3.41%	Div Inc.	39.86%								Future Dividend Yield
Future Dividend Yield					Div Yd	10.95%	earning in	15.00	Years	at IRR of	3.41%	Div Inc.	65.40%								Future Dividend Yield
Future Dividend Paid					Div Paid	$1.75	earning in	5	Years	at IRR of	3.41%	Div Inc.	18.26%								Future Dividend Paid
Future Dividend Paid					Div Paid	$2.07	earning in	10	Years	at IRR of	3.41%	Div Inc.	39.86%								Future Dividend Paid
Future Dividend Paid					Div Paid	$2.45	earning in	15	Years	at IRR of	3.41%	Div Inc.	65.40%								Future Dividend Paid
Dividend Covering Cost					Total Div	$7.92	over	5	Years	at IRR of	3.41%	Div Cov.	35.43%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$15.54	over	10	Years	at IRR of	3.41%	Div Cov.	69.50%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$24.55	over	15	Years	at IRR of	3.41%	Div Cov.	109.80%								Dividend Covering Cost
Yield if held 5 years	14.86%	21.23%	15.39%	10.87%	7.78%	5.30%	5.44%	3.92%	5.14%	6.25%	7.32%	6.99%	9.19%	8.35%	8.37%	9.53%		6.62%	<-Median->	10	Paid Median Price
Yield if held 10 years						17.93%	23.83%	11.38%	8.46%	6.34%	4.44%	4.48%	4.63%	6.04%	7.01%	7.96%		7.40%	<-Median->	8	Paid Median Price
Yield if held 15 years												19.64%	13.46%	9.93%	7.11%	4.84%		16.55%	<-Median->	2	Paid Median Price
Yield if held 20 years																16.35%		#NUM!	<-Median->	0	Paid Median Price
Yield if held 25 years																#DIV/0!		#NUM!	<-Median->	0	Paid Median Price
Cost covered if held 5 years	60.50%	85.99%	65.12%	48.05%	36.57%	25.77%	26.59%	26.10%	29.79%	33.15%	36.27%	33.14%	45.02%	38.79%	39.83%	46.10%		33.15%	<-Median->	10	Paid Median Price
Cost covered if held 10 years						147.65%	202.49%	140.95%	97.06%	70.22%	47.79%	47.84%	48.78%	57.86%	66.47%	74.79%		83.64%	<-Median->	8	Paid Median Price
Cost covered if held 15 years												295.63%	206.85%	143.24%	104.05%	71.18%		251.24%	<-Median->	2	Paid Median Price
Cost covered if held 20 years																301.24%		#NUM!	<-Median->	0	Paid Median Price
Cost covered if held 25 years																#DIV/0!		#NUM!	<-Median->	0	Paid Median Price
I am earning GC					Div Gr	-8.64%	7/24/17	# yrs ->	9	2017	$22.09	Cap Gain	1.22%								I am earning GC
I am earning Div					org yield	7.33%	12/31/26	TFSA	Div G Yrly	-0.95%	Div start	$1.62	-7.33%	6.70%							I am earning Div
																				Yr	Item	Tot. Growth
Revenue Growth								$109.5	$147.7	$190.0	$162.6	$155.0	$176.7	$185	<-12 mths	4.48%		61.40%	<-Total Growth	5	Revenue Growth	61.40%
EPS Growth								$0.56	$3.13	$2.79	$2.93	$5.08	$1.75	$2.07	<-12 mths	18.29%		212.50%	<-Total Growth	5	EPS Growth	212.50%
Net Income Growth								$20.3	$144.2	$130.7	$138.4	$234.4	$90.8	$79	<-12 mths	-12.75%		347.55%	<-Total Growth	5	Net Income Growth	347.55%
Cash Flow Growth								$71.9	$104.2	$152.4	$83.0	$59.4	-$124.7					0.00%	<-Total Growth	5	Cash Flow Growth	0.00%
Dividend Growth								$1.15	$1.26	$1.32	$1.36	$1.36	$1.36	$1.48	<-12 mths	8.82%		18.26%	<-Total Growth	5	Dividend Growth	18.26%
Stock Price Growth								$15.11	$18.79	$16.04	$16.29	$19.15	$20.58	$22.36	<-12 mths	8.65%		36.20%	<-Total Growth	5	Stock Price Growth	36.20%
Revenue Growth			$91.4	$100.0	$89.1	$100.1	$116.0	$109.5	$147.7	$190.0	$162.6	$155.0	$176.7	$208	<-this year	17.71%		93.30%	<-Total Growth	10	Revenue Growth	93.30%
EPS Growth			$1.68	$1.81	$0.32	$1.65	$0.98	$0.56	$3.13	$2.79	$2.93	$5.08	$1.75	$2.07	<-this year	18.29%		4.17%	<-Total Growth	10	EPS Growth	4.17%
Net Income Growth			$57.9	$66.6	$11.9	$60.8	$36.3	$20.3	$144.2	$130.7	$138.4	$234.4	$90.8	$115	<-this year	26.30%		56.95%	<-Total Growth	10	Net Income Growth	56.95%
Cash Flow Growth			$55.8	$73.3	$73.3	$79.2	$74.8	$71.9	$104.2	$152.4	$83.0	$59.4	-$124.7	$121	<-this year	197.25%		0.00%	<-Total Growth	10	Cash Flow Growth	0.00%
Dividend Growth			$1.56	$1.62	$1.62	$1.62	$1.65	$1.15	$1.26	$1.32	$1.36	$1.36	$1.36	$1.49	<-this year	9.78%		-12.54%	<-Total Growth	10	Dividend Growth	-12.54%
Stock Price Growth			$23.50	$23.95	$20.67	$16.99	$21.93	$15.11	$18.79	$16.04	$16.29	$19.15	$20.58	$22.36	<-this year	8.65%		-12.43%	<-Total Growth	10	Stock Price Growth	-12.43%
Dividends on Shares				$69.66	$69.66	$69.77	$70.95	$49.45	$54.18	$56.76	$58.48	$58.48	$58.48	$63.64	$63.64	$63.64		$615.87	No of Years	10	Total Dividends	12/31/15
Paid			$1,010.50	$1,029.85	$888.81	$730.57	$942.99	$649.73	$807.97	$689.72	$700.47	$823.45	$884.94	$961.48	$961.48	$961.48		$884.94	No of Years	10	Worth	$23.50
Total																		$1,500.81			Total
Graham Number 3 years Trailing	$20.28	$22.31	$22.41	$24.47	$25.16	$22.46	$21.75	$18.65	$20.54	$26.85	$32.65	$40.87	$45.41	$43.55	$36.46	$19.29		102.66%	<-Total Growth	10	Graham Number
Change	-2.60%	10.05%	0.42%	9.19%	2.83%	-10.74%	-3.16%	-14.23%	10.13%	30.69%	21.61%	25.18%	11.12%	-4.10%	-16.28%	-47.11%		9.66%	<-Median->	10
Graham Number	$19.17	$24.23	$26.55	$27.09	$10.87	$25.43	$19.05	$13.98	$35.08	$35.34	$37.31	$52.54	$31.25	$33.98	$35.59	$43.93		17.68%	<-Total Growth	10	Graham Number
Change	24.79%	26.43%	9.58%	2.02%	-59.86%	133.90%	-25.08%	-26.62%	150.89%	0.75%	5.58%	40.82%	-40.53%	8.76%	4.72%	23.46%		1.38%	<-Median->	10	Graham Price
Price/GP Ratio Med	1.60	1.25	1.11	0.90	1.94	0.73	1.02	1.06	0.51	0.50	0.42	0.34	0.60	0.63				0.67	<-Median->	10	Price/GP Ratio
Price/GP Ratio High	1.92	1.51	1.39	1.15	2.22	0.82	1.17	1.67	0.59	0.58	0.50	0.38	0.66	0.67				0.74	<-Median->	10	Price/GP Ratio
Price/GP Ratio Low	1.28	0.99	0.83	0.66	1.67	0.64	0.87	0.45	0.42	0.42	0.34	0.29	0.55	0.58				0.50	<-Median->	10	Price/GP Ratio
Price/GP Ratio Close	1.56	1.46	0.89	0.88	1.90	0.67	1.15	1.08	0.54	0.45	0.44	0.36	0.66	0.66	0.63	0.51		0.66	<-Median->	10	Price/GP Ratio
Prem/Disc Close	55.85%	45.93%	-11.49%	-11.59%	90.10%	-33.20%	15.09%	8.07%	-46.43%	-54.61%	-56.34%	-63.55%	-34.13%	-34.20%	-37.17%	-49.11%		-33.67%	<-Median->	10	Graham Price
Month, Year	Dec-13	Dec-14	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-25	Dec-26	Dec-27	Dec-28		18.00	<Count Years>		Month, Year
Price Close	$29.87	$35.36	$23.50	$23.95	$20.67	$16.99	$21.93	$15.11	$18.79	$16.04	$16.29	$19.15	$20.58	$22.36	$22.36	$22.36		-12.43%	<-Total Growth	10	Stock Price
Increase	25.98%	18.38%	-33.54%	1.91%	-13.70%	-17.80%	29.08%	-31.10%	24.35%	-14.64%	1.56%	17.56%	7.47%	8.65%	0.00%	0.00%		12.35	<-Median->	10	CAPE (10 Yr P/E)
P/E Ratio	27.40	22.38	13.99	13.23	64.59	10.30	22.38	26.98	6.00	5.75	5.56	3.77	11.76	10.80	9.85	6.46		6.37%	<-IRR #YR->	5	Stock Price	36.20%
Trailing P/E Ratio	35.56	32.44	14.87	14.26	11.42	53.09	13.29	15.42	33.55	5.12	5.84	6.54	4.05	12.78	10.80	9.85		-1.32%	<-IRR #YR->	10	Stock Price	-12.43%
CAPE (10 Yr P/E)				18.87	17.54	12.59	17.34	12.11	13.78	10.29	9.35	9.15	9.80	10.52	9.63	8.94		14.22%	<-IRR #YR->	5	Price & Dividend	24.21%
Median 10, 5 Yrs		D.  per yr	6.50%	7.85%	% Tot Ret	125.42%	55.19%	T P/E	$12.36	$5.84	P/E:	$11.03	$5.75					5.19%	<-IRR #YR->	10	Price & Dividend	224.10%
Price 15		D.  per yr	9.70%		% Tot Ret	71.47%						CAPE Diff	-12.51%					3.87%	<-IRR #YR->	15	Stock Price	76.80%
Price  20		D.  per yr	8.73%		% Tot Ret	68.08%												4.09%	<-IRR #YR->	18	Stock Price
Price & Dividend 15																		13.57%	<-IRR #YR->	15	Price & Dividend	451.11%
Price & Dividend 20																		12.82%	<-IRR #YR->	18	Price & Dividend
Price  5								-$15.11	$0.00	$0.00	$0.00	$0.00	$20.58								Price  5
Price 10			-$23.50	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$20.58								Price 10
Price & Dividend 5								-$15.11	$1.26	$1.32	$1.36	$1.36	$21.94								Price & Dividend 5
Price & Dividend 10			-$23.50	$1.62	$1.62	$1.62	$1.65	$1.15	$1.26	$1.32	$1.36	$1.36	$21.94								Price & Dividend 10
Price 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$20.58								Price 15
Price  20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$20.58								Price  20
Price & Dividend 15	$1.35	$1.47	$1.56	$1.62	$1.62	$1.62	$1.65	$1.15	$1.26	$1.32	$1.36	$1.36	$21.94								Price & Dividend 15
Price & Dividend 20	$1.35	$1.47	$1.56	$1.62	$1.62	$1.62	$1.65	$1.15	$1.26	$1.32	$1.36	$1.36	$21.94								Price & Dividend 20
Price H/L Median	$30.61	$30.35	$29.36	$24.51	$21.13	$18.59	$19.46	$14.80	$17.74	$17.68	$15.53	$17.68	$18.82	$21.31	$21.31			-35.90%	<-Total Growth	10	Stock Price
Increase	47.09%	-0.87%	-3.25%	-16.52%	-13.81%	-12.02%	4.71%	-23.97%	19.87%	-0.34%	-12.14%	13.81%	6.48%	13.23%	0.00%			-4.35%	<-IRR #YR->	10	Stock Price	-35.90%
P/E Ratio	28.08	19.21	17.48	13.54	66.02	11.26	19.86	26.42	5.67	6.34	5.30	3.48	10.75	10.29	9.39			4.93%	<-IRR #YR->	5	Stock Price	27.21%
Trailing P/E Ratio	36.44	27.84	18.58	14.59	11.67	58.08	11.79	15.10	31.67	5.65	5.57	6.03	3.70	12.18	10.29			1.55%	<-IRR #YR->	10	Price & Dividend	#DIV/0!
P/E on Running 5 yr Average	23.69	24.43	20.50	17.51	16.30	13.20	15.11	13.91	13.35	9.70	7.47	6.10	6.00	7.29	7.56			13.15%	<-IRR #YR->	5	Price & Dividend	43.70%
P/E on Running 10 yr Average					17.93	13.77	15.38	11.85	13.00	11.34	8.91	8.44	8.96	10.02	9.18			12.40	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	5.90%	8.22%	% Tot Ret	380.96%	62.50%	T P/E	11.73	5.65	P/E:	11.01	5.67						Count	18	Years of data
			-$29.36	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.82
								-$14.80	$0.00	$0.00	$0.00	$0.00	$18.82
			-$29.36	$1.62	$1.62	$1.62	$1.65	$1.15	$1.26	$1.32	$1.36	$1.36	$20.18
								-$14.80	$1.26	$1.32	$1.36	$1.36	$20.18
High Months	Nov	Dec	Jan	Apr	Jan	Sep	Dec	Feb	Nov	Mar	Feb	Mar	Jan	Feb
Price High	$36.72	$36.70	$36.80	$31.08	$24.11	$20.78	$22.34	$23.34	$20.67	$20.61	$18.48	$19.90	$20.50	$22.76	$22.76			-44.29%	<-Total Growth	10	Stock Price
Increase	54.87%	-0.05%	0.27%	-15.54%	-22.43%	-13.81%	7.51%	4.48%	-11.44%	-0.29%	-10.33%	7.68%	3.02%	11.02%	0.00%			-5.68%	<-IRR #YR->	10	Stock Price	-44.29%
P/E Ratio	33.69	23.23	21.90	17.17	75.34	12.59	22.80	41.68	6.60	7.39	6.31	3.92	11.71	11.00	10.03			-2.56%	<-IRR #YR->	5	Stock Price	-12.17%
Trailing P/E Ratio	43.71	33.67	23.29	18.50	13.32	64.94	13.54	23.82	36.91	6.58	6.62	6.79	4.04	13.01	11.00			14.28	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	13.43	6.62	P/E:	12.15	6.60					29.32	P/E Ratio		Historical High
			-$36.80	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$20.50
								-$23.34	$0.00	$0.00	$0.00	$0.00	$20.50
Low Months	Jan	Feb	Dec	Nov	Dec	Mar	Jan	Mar	Jan	Sep	Oct	Apr	Apr	Mar	Mar
Price Low	$24.50	$23.99	$21.92	$17.94	$18.14	$16.39	$16.58	$6.25	$14.80	$14.74	$12.58	$15.45	$17.14	$19.86	$19.86			-21.81%	<-Total Growth	10	Stock Price
Increase	36.80%	-2.08%	-8.63%	-18.16%	1.11%	-9.65%	1.16%	-62.30%	136.80%	-0.41%	-14.65%	22.81%	10.94%	15.87%	0.00%			-2.43%	<-IRR #YR->	10	Stock Price	-21.81%
P/E Ratio	22.48	15.18	13.05	9.91	56.69	9.93	16.92	11.16	4.73	5.28	4.29	3.04	9.79	9.59	8.75			22.36%	<-IRR #YR->	5	Stock Price	174.24%
Trailing P/E Ratio	29.17	22.01	13.87	10.68	10.02	51.22	10.05	6.38	26.43	4.71	4.51	5.27	3.37	11.35	9.59			9.92	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	8.20	4.71	P/E:	9.85	4.73					4.04	P/E Ratio		Historical Low
			-$21.92	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.14
								-$6.25	$0.00	$0.00	$0.00	$0.00	$17.14
Free Cash Flow Mkt Sc								$71.86	$104.20	$152.40	$82.96	$59.37	$128.60	$95.30	$84.60
Change									45.00%	46.26%	-45.56%	-28.44%	116.62%	-25.89%	-11.23%
Free Cash Flow MS				$81.32	$69.72	$70.30	$83.09	$81.14	$119.55	$148.85	$93.21	$57.28	-$120.88					-248.65%	<-Total Growth	9	Free Cash Flow MS
Change					-14.26%	0.83%	18.19%	-2.35%	47.34%	24.51%	-37.38%	-38.55%	-311.03%					-2.35%	<-Median->	9	Change
Free Cash Flow WSJ	$43.73	$49.58	$55.03	$73.25	$67.22	$78.31	$74.78	$71.86	$104.16	$152.42	$82.96	$59.37	-$124.71	$127.00				-326.62%	<-Total Growth	10	Free Cash Flow
Change				33.11%	-8.23%	16.50%	-4.51%	-3.90%	44.95%	46.33%	-45.57%	-28.44%	-310.07%	201.84%				#NUM!	<-IRR #YR->	5	Free Cash Flow MS	-273.54%
FCF/CF from Op Ratio	1.00	1.00	0.99	1.00	0.92	0.99	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.05				#NUM!	<-IRR #YR->	10	Free Cash Flow MS	-326.62%
Dividends paid	$35.70	$44.71	$53.00	$59.00	$59.00	$59.20	$60.37	$41.51	$54.84	$59.72	$61.80	$61.92	$61.89	$67.10				16.78%	<-Total Growth	10	Dividends paid
Percentage paid			96.31%	80.55%	87.77%	75.60%	80.73%	57.77%	52.65%	39.18%	74.49%	104.30%	-49.63%	52.84%				75.04%	<-Median->	10	Percentage paid
5 Year Coverage							83.36%	76.37%	69.37%	57.24%	57.23%	59.43%	109.48%	105.18%							5 Year Coverage
Dividend Coverage Ratio			1.04	1.24	1.14	1.32	1.24	1.73	1.90	2.55	1.34	0.96	-2.01	1.89				1.28	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage							1.20	1.31	1.44	1.75	1.75	1.68	0.91	0.95							5 Year of Coverage
								-$72	$0	$0	$0	$0	-$125
			-$55	$0	$0	$0	$0	$0	$0	$0	$0	$0	-$125
Market Cap in $M	$857.1	$1,134.1	$853.1	$870.2	$760.9	$620.1	$805.0	$589.2	$848.3	$724.2	$741.2	$873.6	$933.1	$1,013.8	$1,013.8	$1,013.8		9.37%	<-Total Growth	10	Market Cap	22.63%
Diluted # of Shares in Million	27.41	31.10	34.39	36.71	36.75	36.49	36.89	36.48	48.43	49.73	50.01	45.50	54.06	54.06				57.19%	<-Total Growth	10	Diluted
Change	27.62%	13.45%	10.60%	6.75%	0.11%	-0.71%	1.09%	-1.10%	32.76%	2.68%	0.57%	-9.02%	18.80%	0.00%				0.01	<-Median->	10	Change
Difference Diluted/Basic	-2.60%	-2.09%	-1.25%	-1.02%	-0.82%	0.76%	-0.79%	-0.99%	-9.16%	-9.01%	-9.12%	0.00%	-15.95%	-15.95%
Average # of Shares in Million	26.70	30.45	33.96	36.34	36.45	36.77	36.60	36.12	43.99	45.25	45.45	45.50	45.44	45.44	45.44			33.79%	<-Total Growth	10	Average	used in CFPS
Change	27.52%	14.05%	11.54%	6.99%	0.32%	0.87%	-0.46%	-1.30%	21.80%	2.85%	0.44%	0.12%	-0.15%	0.00%	0.00%			0.00	<-Median->	10	Change
Difference Basic/Outstanding	7.48%	5.34%	6.90%	0.00%	0.99%	-0.73%	0.31%	7.96%	2.63%	-0.22%	0.11%	0.26%	-0.22%	-0.22%	-0.22%			0.00	<-Median->	10	Difference Basic/Outstanding
Voting Shares																					Voting Shares
Non-Voting Shares																					Non-Voting Shares
# of Share in Millions	28.694	32.072	36.303	36.336	36.812	36.496	36.709	38.996	45.149	45.149	45.498	45.621	45.339	45.339	45.339	45.339		2.25%	<-IRR #YR->	10	Shares	24.89%
Increase	28.46%	11.77%	13.19%	0.09%	1.31%	-0.86%	0.58%	6.23%	15.78%	0.00%	0.77%	0.27%	-0.62%	0.00%	0.00%	0.00%		3.06%	<-IRR #YR->	5	Shares	16.27%
CF fr Op $Millon	$43.7	$49.6	$55.8	$73.3	$73.3	$79.2	$74.8	$71.9	$104.2	$152.4	$83.0	$59.4	-$124.7	$121.3				-323.40%	<-Total Growth	10	Cash Flow
Increase	65.31%	13.49%	12.44%	31.29%	0.01%	7.99%	-5.53%	-3.90%	44.94%	46.33%	-45.57%	-28.44%	-310.07%	197.25%				SO	Share Issue		Warrants exercised
5 year Running Average	$22.2	$29.3	$38.1	$49.8	$59.2	$66.2	$71.3	$74.5	$80.7	$96.5	$97.2	$94.2	$54.8	$58.3				44.09%	<-Total Growth	10	CF 5 Yr Running
CFPS	$1.52	$1.55	$1.54	$2.02	$1.99	$2.17	$2.04	$1.84	$2.31	$3.38	$1.82	$1.30	-$2.75	$2.68				-278.88%	<-Total Growth	10	Cash Flow per Share
Increase	28.68%	1.54%	-0.67%	31.17%	-1.28%	8.92%	-6.08%	-9.54%	25.19%	46.33%	-45.99%	-28.63%	-311.37%	197.25%				#NUM!	<-IRR #YR->	10	Cash Flow	-323.40%
5 year Running Average	$1.08	$1.15	$1.31	$1.56	$1.72	$1.85	$1.95	$2.01	$2.07	$2.35	$2.28	$2.13	$1.21	$1.28				#NUM!	<-IRR #YR->	5	Cash Flow	-273.54%
P/CF on Med Price	20.08	19.60	19.09	12.15	10.61	8.57	9.55	8.03	7.69	5.24	8.52	13.58	-6.84	7.97				#NUM!	<-IRR #YR->	10	Cash Flow per Share	-278.88%
P/CF on Closing Price	19.59	22.84	15.28	11.87	10.38	7.83	10.77	8.20	8.14	4.75	8.93	14.72	-7.48	8.36				#NUM!	<-IRR #YR->	5	Cash Flow per Share	-249.26%
															-2.15%	Diff M/C		-0.77%	<-IRR #YR->	10	CFPS 5 yr Running	-7.46%
Excl.Working Capital CF	$1.7	$12.0	$12.7	$13.9	$9.1	$0.8	$26.1	$24.2	$35.9	$18.6	$35.3	$2.0	$11.4	$0.0				-9.64%	<-IRR #YR->	5	CFPS 5 yr Running	-39.77%
CF fr Op $M WC	$45.4	$61.7	$68.5	$87.2	$82.4	$80.0	$100.9	$96.1	$140.1	$171.0	$118.3	$61.3	-$113.3	$121.3				-229.92%	<-Total Growth	10	Cash Flow less WC
Increase	66.47%	35.73%	11.03%	27.37%	-5.58%	-2.87%	26.13%	-4.76%	45.75%	22.09%	-30.83%	-48.14%	-284.76%	207.01%				#NUM!	<-IRR #YR->	10	Cash Flow less WC	-229.92%
5 year Running Average	$23.4	$33.0	$44.2	$58.0	$69.0	$76.0	$83.8	$89.3	$99.9	$117.6	$125.3	$117.4	$75.5	$71.7				#NUM!	<-IRR #YR->	5	Cash Flow less WC	-217.93%
CFPS Excl. WC	$1.58	$1.92	$1.89	$2.40	$2.24	$2.19	$2.75	$2.46	$3.10	$3.79	$2.60	$1.34	-$2.50	$2.68				5.49%	<-IRR #YR->	10	CF less WC 5 Yr Run	70.67%
Increase	29.59%	21.43%	-1.91%	27.25%	-6.80%	-2.03%	25.40%	-10.34%	25.88%	22.09%	-31.36%	-48.28%	-285.91%	207.01%				-3.31%	<-IRR #YR->	5	CF less WC 5 Yr Run	-15.51%
5 year Running Average	$1.14	$1.29	$1.51	$1.80	$2.01	$2.13	$2.29	$2.41	$2.55	$2.86	$2.94	$2.66	$1.67	$1.58				#NUM!	<-IRR #YR->	10	CFPS - Less WC	-232.50%
P/CF on Median Price	19.32	15.78	15.56	10.21	9.44	8.48	7.08	6.00	5.72	4.67	5.97	13.14	-7.53	7.97				-24.69%	<-IRR #YR->	5	CFPS - Less WC	-201.43%
P/CF on Closing Price	18.86	18.38	12.46	9.98	9.24	7.75	7.98	6.13	6.06	4.23	6.27	14.24	-8.23	8.36				0.99%	<-IRR #YR->	10	CFPS 5 yr Running	10.40%
*Operational Cash Flow.			CF/-WC	P/CF Med	10 yr	8.54	5 yr	7.69	P/CF Med	10 yr	6.54	5 yr	5.72		27.79%	Diff M/C		-7.10%	<-IRR #YR->	5	CFPS 5 yr Running	-30.80%
			-36.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	45.3								Shares
								-39.0	0.0	0.0	0.0	0.0	45.3								Shares
			-$55.8	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	-$124.7								Cash Flow
								-$71.9	$0.0	$0.0	$0.0	$0.0	-$124.7								Cash Flow
			-$1.54	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$2.75								Cash Flow per Share
								-$1.84	$0.00	$0.00	$0.00	$0.00	-$2.75								Cash Flow per Share
			-$1.31	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.21								CFPS 5 yr Running
								-$2.01	$0.00	$0.00	$0.00	$0.00	$1.21								CFPS 5 yr Running
			-$68.5	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	-$113.3								Cash Flow less WC
								-$96.1	$0.0	$0.0	$0.0	$0.0	-$113.3								Cash Flow less WC
			-$44.2	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$75.5								CF less WC 5 Yr Run
								-$89.3	$0.0	$0.0	$0.0	$0.0	$75.5								CF less WC 5 Yr Run
			-$1.89	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-$2.50								CFPS - Less WC
								-$2.46	$0.00	$0.00	$0.00	$0.00	-$2.50								CFPS - Less WC
			-$1.51	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.67								CFPS 5 yr Running
								-$2.41	$0.00	$0.00	$0.00	$0.00	$1.67								CFPS 5 yr Running
Reakuzed gaub Investments
trade and other receivables	-$0.63	-$6.96	-$9.76	-$13.02	-$1.69	$7.176	-$4.428	$0.422	-$2.200	$0.492	-$0.283	-$10.787	$3.160
prepayments	$0.06	-$1.34	-$2.23	$0.34	$0.23	-$0.313	$0.672	-$0.605
trade and other payables	$0.55	-$0.98	$2.53
Finance costs	-$1.68	-$2.76	-$3.21	-$5.88	-$6.58	-$8.858
income tax receivable / payable				$3.69	$0.32	-$0.815	-$3.594	-$11.424	-$15.997	$9.056	-$8.494	$1.932	-$2.453
Long Term Assets										-$7.448	$0.069
accounts payable and accrued liabilities				$0.92	-$1.35	$1.962	-$0.957	$2.327	$2.805	$1.466	-$1.536	$10.939	-$4.540
Cash Interest Paid							-$17.824	-$14.965	-$20.523	-$22.164	-$25.079	-$4.062	-$7.534
Sum	-$1.70	-$12.04	-$12.67	-$13.949	-$9.070	-$0.848	-$26.131	-$24.245	-$35.915	-$18.598	-$35.323	-$1.978	-$11.367
Google -->TD	-$1.70	-$12.04	-$12.67	-$13.95	-$1	-$1	-$26	-$24	-$36	-$19	-$35	-$10	-$11
Difference	$0.00	$0.00	$0.00	$0.00	-$8	$0	$0	$0	$0	$0	$0	$8	$0
TD		-$12	-$13	-$14	-$9
Difference		$0	$0	$0	$0
OPM Ratio	83.00%	71.64%	61.07%	73.26%	82.28%	79.09%	64.48%	65.64%	70.54%	80.20%	51.03%	38.30%	-70.58%	58.31%				-215.57%	<-Total Growth	10	OPM
Increase	0.71%	-13.69%	-14.75%	19.97%	12.31%	-3.87%	-18.47%	1.79%	7.46%	13.70%	-36.37%	-24.94%	-284.26%	182.62%					Should increase		or be stable.
Diff from Median	21.9%	5.2%	-10.3%	7.6%	20.8%	16.2%	-5.3%	-3.6%	3.6%	17.8%	-25.0%	-43.7%	-203.7%	-14.4%				0.00	<-Median->	10	OPM
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	68.09%	5 Yrs	51.03%					should be	zero, it is a		check on calculations
EBITDA	$44.05	$57.37	$69.69	$81.84	$76.98	$80.81	$100.94	$53.37	$191.24	$183.36	$201.98	$240.59						#DIV/0!	<-Total Growth	9	EBITDA
Chge		30.25%	21.46%	17.44%	-5.94%	4.98%	24.90%	-47.12%	258.32%	-4.12%	10.15%	19.12%						10.15%	<-Median->	9	Chge
Margin	63.56%	62.76%	69.66%	91.87%	76.92%	69.68%	92.19%	36.14%	100.63%	112.79%	130.32%	136.16%						92.19%	<-Median->	9	Margin
EBITDA Per Share	$1.65	$1.87	$2.10	$2.25	$2.11	$2.76	$2.22	$1.48	$4.35	$4.05	$4.44	$5.27						#DIV/0!	<-Total Growth	9	Per Share
Diff								-$32.33	$66.74	$18.06	-$14.53	$34.31
														$239	<-12 mths	6.95%
Adj EBITDA (starting 2024)								$85.70	$124.50	$165.30	$216.50	$206.28	$223.50	$194.30	$214.10				<-Total Growth	5	Adj EBITDA (starting 2024)
Chge									45.27%	32.77%	30.97%	-4.72%	8.35%	-13.06%	10.19%			30.97%	<-Median->	5	Chge
Margin								58.04%	65.51%	101.68%	139.69%	5596.84%	5684.24%	4745.79%	#DIV/0!			120.68%	<-Median->	6	Margin
Adjusted EBITDA Per Share								$2.37	$2.83	$3.65	$4.76	$4.53	$4.53						<-Total Growth	5	Adjusted EBITDA Per Share
Long Term Debt	$44.50	$35.50	$77.45	$99.38	$173.46	$228.10	$285.19	$229.48	$326.57	$278.69	$305.47	$63.65	$262.90	$262.90							Debt	Type
Change	-11.00%	-20.22%	118.16%	28.32%	74.54%	31.50%	25.03%	-19.54%	42.31%	-14.66%	9.61%	-79.16%	313.05%	0.00%				26.68%	<-Median->	10	Change	Lg Term R
Debt/Market Cap Ratio	0.05	0.03	0.09	0.11	0.23	0.37	0.35	0.39	0.38	0.38	0.41	0.07	0.28	0.26				0.36	<-Median->	10	Debt/Market Cap Ratio	Intang/GW
Assets/Current Liabilities Ratio	1.16	1.16	1.16	1.16	1.16	1.16	1.16	1.16	1.16	1.16	1.16	1.16	1.16	175.63				1.16	<-Median->	10	Assets/Current Liab. Ratio	Liquidity
Debt to Cash Flow (Years)	1.02	0.72	1.39	1.36	2.37	2.88	3.81	3.19	3.14	1.83	3.68	1.07	-2.11	2.17				2.62	<-Median->	10	Debt to Cash Flow (Years)	Liq. + CF
																						Liq. + CF+D
Intangibles	$6.48	$6.39	$6.30	$6.21	$6.12	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	Yes, 0						Intangibles	Debt Ratio
Goodwill	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00							Goodwill	Leverage
Total	$6.48	$6.39	$6.30	$6.21	$6.12	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00					Intangibles		Total	D/E Ratio
Change	-1.38%	-1.40%	-1.42%	-1.44%	-1.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%				0.00%	<-Median->	10	Change
Intangible/Market Cap Ratio	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00				0.00	<-Median->	10	Intangible/Market Cap Ratio
Current Assets	$18.6	$31.3	$53.1	$73.9	$66.3	$53.4	$129.4	$35.6	$65.2	$88.1	$48.3	$13.1	$13.2	$13.2				-303.36%	<-Total Growth	10	Current Assets	-$84.01
Current Liabilities	$6.5	$7.0	$14.2	$10.7	$7.2	$11.3	$69.3	$18.0	$24.4	$30.4	$124.4	$9.2	$8.1	$8.1				-75.83%	<-Total Growth	10	Current Liabilities	-$52.21
Liquidity Ratio	2.87	4.47	3.73	6.92	9.21	4.74	1.87	1.98	2.68	2.90	0.39	1.42	1.63	1.63				2.33	<-Median->	10	Ratio	-136.22
Liq. with CF aft div	3.67	4.83	3.69	8.27	11.11	6.51	2.07	3.48	4.62	5.95	0.56	1.13	0.19	8.32				1.13	<-Median->	5	Ratio
Liq. CF re  Inv+Div	0.16	0.40	0.35	3.56	0.97	0.89	0.58	1.81	0.44	5.95	0.31	1.13	0.19	8.32				0.44	<-Median->	5	Ratio
Current Portion of Debt										0.00	$97.7	$0.0	$0.0	$97.7
Liquidity Less CLTD										2.90	1.81	1.42	1.63	-0.15
Liq. with CF aft div										5.95	2.60	1.13	0.18	-0.75
Assets	$480.7	$579.9	$788.2	$787.2	$793.4	$891.4	$1,054.6	$956.4	$1,275.2	$1,370.1	$1,474.9	$1,199.7	$1,421.0	$1,421.0				80.28%	<-Total Growth	10	Assets
Liabilities	$51.0	$50.2	$111.2	$132.5	$188.9	$255.5	$450.1	$351.4	$486.4	$471.8	$514.1	$97.7	$296.8	$296.8				167.02%	<-Total Growth	10	Liabilities
Debt Ratio	9.43	11.55	7.09	5.94	4.20	3.49	2.34	2.72	2.62	2.90	2.87	12.28	4.79	4.79				3.20	<-Median->	10	Ratio
Estimates BVPS														$25.89	$27.23				Estimates		Estimates BVPS
Estimate Book Value														$1,173.8	$1,234.6				Estimates		Estimate Book Value
P/B Ratio (Close)														0.86	0.82				Estimates		P/B Ratio (Close)
Difference from 10 year median															-12.26%	Diff M/C			Estimates		Difference from 10 yr med.
Book Value	$429.76	$529.68	$677.05	$654.70	$604.50	$635.87	$604.45	$605.01	$788.86	$898.26	$960.82	$1,101.96	$1,124.17	$1,124.2
Warrents	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	0.00
Book Value	$429.76	$529.68	$677.05	$654.70	$604.50	$635.87	$604.45	$605.01	$788.86	$898.26	$960.82	$1,101.96	$1,124.17	$1,124.2	$1,124.2	$1,124.2		66.04%	<-Total Growth	10	Book Value
Book Value per share	$14.98	$16.52	$18.65	$18.02	$16.42	$17.42	$16.47	$15.51	$17.47	$19.90	$21.12	$24.15	$24.79	$24.79	$24.79	$24.79		32.95%	<-Total Growth	10	Book Value per Share
Increase	20.02%	10.27%	12.93%	-3.39%	-8.86%	6.10%	-5.49%	-5.78%	12.62%	13.87%	6.15%	14.38%	2.65%	0.00%	0.00%	0.00%		-15.46%	P/B Ratio		Current/Historical Median
P/B Ratio (Median)	2.04	1.84	1.57	1.36	1.29	1.07	1.18	0.95	1.02	0.89	0.74	0.73	0.76	0.86	0.86	0.00		1.07	P/B Ratio		Historical Median
P/B Ratio (Close)	1.99	2.14	1.26	1.33	1.26	0.98	1.33	0.97	1.08	0.81	0.77	0.79	0.83	0.90	0.90	0.90		2.89%	<-IRR #YR->	10	Book Value per Share	32.95%
Change	4.97%	7.36%	-41.15%	5.49%	-5.30%	-22.53%	36.58%	-26.87%	10.42%	-25.03%	-4.32%	2.78%	4.69%	8.65%	0.00%	0.00%		9.83%	<-IRR #YR->	5	Book Value per Share	59.81%
Leverage (A/BK)	1.12	1.09	1.16	1.20	1.31	1.40	1.74	1.58	1.62	1.53	1.54	1.09	1.26	1.26				1.53	<-Median->	5	A/BV
Debt/Equity Ratio	0.12	0.09	0.16	0.20	0.31	0.40	0.74	0.58	0.62	0.53	0.54	0.09	0.26	0.26				0.53	<-Median->	5	Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities)									P/BV	10 yr Med	0.98	5 yr Med	0.76		-8.38%	Diff M/C		1.31	Historical		Leverage (A/BK)
			-$18.65	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$24.79
								-$15.51	$0.00	$0.00	$0.00	$0.00	$24.79
Comprehensive Income	$24.07	$57.17	$82.95	$32.13	$5.52	$87.75	$20.61	$15.65	$146.87	$167.02	$120.77	$234.42	$90.81					9.47%	<-Total Growth	10	Comprehensive Income
Increase	34.18%	137.50%	45.11%	-61.27%	-82.82%	1489.75%	-76.52%	-24.08%	838.67%	13.72%	-27.69%	94.10%	-61.26%					13.72%	<-Median->	5	Comprehensive Income
5 Yr Running Average	$16.80	$24.74	$39.33	$42.85	$40.37	$53.10	$45.79	$32.33	$55.28	$87.58	$94.18	$136.94	$151.98					0.91%	<-IRR #YR->	10	Comprehensive Income	9.47%
ROE	5.6%	10.8%	12.3%	4.9%	0.9%	13.8%	3.4%	2.6%	18.6%	18.6%	12.6%	21.3%	8.1%					42.15%	<-IRR #YR->	5	Comprehensive Income	480.42%
5Yr Median	6.4%	6.4%	6.4%	6.4%	5.6%	10.8%	4.9%	3.4%	3.4%	13.8%	12.6%	18.6%	18.6%					14.47%	<-IRR #YR->	10	5 Yr Running Average	286.39%
% Difference from Net Income	-19.29%	16.55%	43.37%	-51.73%	-53.61%	44.34%	-43.16%	-22.89%	1.82%	27.81%	-12.77%	0.00%	0.00%					36.28%	<-IRR #YR->	5	5 Yr Running Average	370.06%
Median Values										Diff	5, 10 yr	-6.4%	0.0%					18.6%	<-Median->	5	Return on Equity
			-$83.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$90.8
								-$15.6	$0.0	$0.0	$0.0	$0.0	$90.8
			-$39.3	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$152.0
								-$32.3	$0.0	$0.0	$0.0	$0.0	$152.0
Current Liability Coverage Ratio	6.76	7.09	3.92	6.86	10.18	7.02	1.08	3.99	4.28	5.02	0.67	6.43	-15.41	14.99							CFO / Current Liabilities
5 year Median	4.31	6.31	6.31	6.76	6.86	7.02	6.86	6.86	4.28	4.28	3.99	4.28	4.28	5.02				4.28	<-Median->	5	Current Liability Cov Ratio
Asset Efficiency Ratio	9.10%	8.56%	7.08%	9.31%	9.24%	8.88%	7.09%	7.51%	8.17%	11.12%	5.62%	4.95%	-8.78%	8.53%							CFO / Total Assets
5 year Median	7.9%	7.9%	7.95%	8.56%	9.10%	8.88%	8.88%	8.88%	8.17%	8.17%	7.51%	7.51%	5.62%	5.62%				5.6%	<-Median->	5	Return on Assets
Return on Assets ROA	6.20%	8.46%	7.34%	8.45%	1.50%	6.82%	3.44%	2.12%	11.31%	9.54%	9.39%	19.54%	6.39%	8.07%				Net	Income/Assets		Return on Assets
5Yr Median	6.20%	6.20%	7.34%	7.34%	7.34%	7.34%	6.82%	3.44%	3.44%	6.82%	9.39%	9.54%	9.54%	9.39%				9.5%	<-Median->	5	Asset Efficiency Ratio
Return on Equity ROE	6.94%	9.26%	8.55%	10.17%	1.97%	9.56%	6.00%	3.35%	18.29%	14.55%	14.41%	21.27%	8.08%	10.20%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median	6.94%	6.94%	8.55%	8.55%	8.55%	9.26%	8.55%	6.00%	6.00%	9.56%	14.41%	14.55%	14.55%	14.41%				14.5%	<-Median->	5	Return on Equity
														$79	<-12 mths	-12.75%			Estimates		Last 12 months from Qtr
Net Income	$29.8	$49.0	$57.9	$66.6	$11.9	$60.8	$36.3	$20.3	$144.2	$130.7	$138.4	$234.4	$90.8	$114.7	$121.6	$171.7		56.95%	<-Total Growth	10	Net Income
Increase	65.36%	64.46%	17.97%	15.02%	-82.12%	410.89%	-40.36%	-44.04%	610.88%	-9.41%	5.95%	69.32%	-61.26%	26.30%	6.02%	41.20%		EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average	$22.0	$28.3	$38	$44	$43	$49	$47	$39	$55	$78	$94	$134	$148	$141.8	$140.0	$146.6		4.61%	<-IRR #YR->	10	Net Income	663.13%
Operating Cash Flow	$43.7	$49.6	$55.8	$73.3	$73.3	$79.2	$74.8	$71.9	$104.2	$152.4	$83.0	$59.4	-$124.7					34.95%	<-IRR #YR->	5	Net Income	347.55%
Investment Cash Flow	-$143.3	-$77.4	-$134.6	-$14.2	-$74.9	-$71.3	-$179.9	-$16.6	-$229.0	$14.9	-$99.0	$0.0	$0.0					14.57%	<-IRR #YR->	10	5 Yr Running Average	170.06%
Total Accruals	$129.4	$76.8	$136.7	$7.4	$13.5	$52.9	$141.4	-$35.0	$269.1	-$36.6	$154.4	$175.0	$215.5					30.41%	<-IRR #YR->	5	5 Yr Running Average	170.06%
Total Assets	$480.7	$579.9	$788.2	$787.2	$793.4	$891.4	$1,054.6	$956.4	$1,275.2	$1,370.1	$1,474.9	$1,199.7	$1,421.0						Balance Sheet		Assets
Accruals Ratio	26.91%	13.25%	17.34%	0.94%	1.70%	5.93%	13.41%	-3.66%	21.10%	-2.67%	10.47%	14.59%	15.17%					14.59%	<-Median->	5	Ratio
EPS/CF Ratio (WC)	0.69	0.82	0.89	0.75	0.14	0.75	0.36	0.23	1.01	0.74	1.13	3.78	-0.70					0.74	<-Median->	10	EPS/CF Ratio
			-$57.9	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$90.8
								-$20.3	$0.0	$0.0	$0.0	$0.0	$90.8
			-$37.9	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$147.7
								-$39.2	$0.0	$0.0	$0.0	$0.0	$147.7
Change in Close	25.98%	18.38%	-33.54%	1.91%	-13.70%	-17.80%	29.08%	-31.10%	24.35%	-14.64%	1.56%	17.56%	7.47%	8.65%	0.00%	0.00%			Count	19	Years of data
up/down	Down	Down	Down	Down			Down	Down		Down		Down	Down	Down					Count	15	78.95%
Meet Prediction?			Yes					Yes		Yes								% right	Count	5	33.33%
Financial Cash Flow	$104.9	$31.9	$85.2	-$42.3	$18.8	-$19.0	$100.9	-$52.9	$128.5	-$125.2	-$29.9	-$62.1	$126.9						C F Statement		Financial Cash Flow
Total Accruals	$24.5	$45.0	$51.5	$49.7	-$5.3	$71.9	$40.5	$17.9	$140.6	$88.6	$184.4	$237.2	$88.6								Accruals
Accruals Ratio	5.09%	7.75%	6.54%	6.31%	-0.67%	8.06%	3.84%	1.87%	11.03%	6.46%	12.50%	19.77%	6.23%					11.03%	<-Median->	5	Ratio
Cash	$9.0	$13.5	$21.0	$29.5	$35.5	$22.8	$17.1	$16.5	$18.4	$60.2	$15.2	$4.2	$6.4	$6.4							Cash
Cash per Share	$0.31	$0.42	$0.58	$0.81	$0.96	$0.62	$0.47	$0.42	$0.41	$1.33	$0.33	$0.09	$0.14	$0.14				$0.33	<-Median->	5	Cash per Share
Percentage of Stock Price	1.05%	1.19%	2.46%	3.39%	4.67%	3.67%	2.12%	2.80%	2.17%	8.31%	2.05%	0.48%	0.68%	0.63%				2.05%	<-Median->	5	% of Stock Price
Notes
April 13, 2026.  Last estimates were for 2025, 2026 of $192.5M, $202.9M Revenue, $2.13, $2.19 EPS, $1.39, $1.39 Dividends,
$128.60 2025 FCF, $2.48, $2.68 CFPS, $162.3M, $174M EBITDA, $25.15, $26.28 BVPS, $93.1M, $101.9M Net Income.
April 3, 2025.  Last estimates were for 2024, 2025 of $172M, $180MTotal Distributions, $1.87, $1.84 EPS, $1.39, $1.42 Dividends,
$112.3, $127.0 FCF, $2.02, $2.12 CFPS, $22.00, $22.08 BVPS, $91.5M, $92.2M Net Income.
April 6, 2024.  Last estimates were for 2023 and 2024 of $160M, $170M for Revenue, $1.84, $1.89 for EPS, 1.35, $1.40 for Dividends, R96.6M, $116M for FCF,
$2.24 and $2.57 for Cash Flow per Share, $20.50, $21.30 for BVPS, $84.9M, $92.1M for Net Income
April 8, 2023.  Last estimates were for 2022 and 2023 of $163M and $180M for Revenue, $2.32 and $2.35 for EPS, $1.32 and $1.45 for dividends,
$95.6M and $104M for FCF, $2.10 and $2.32 for CFPS, $18.60 and $19.60 for BVPS, $108M and $110M for Net Income.
April 4, 2022.  Last estimates were for 2021, and 2022 of $140M and $157M for Revenue, $1.94 and $2.01 for EPS, $1.23 and $1.32 for Dividends,
-$143M and $1.00M for FCF, $1.86 and $2.11 for CFPS and $86.5M and $91.1M for Net Income.
April 4, 2021.  Last estimates were for 2020 and 2021 o $101M and $119M for Revenue, $1.48 and 1.61 for EPS, $1.39 and 1.50 for Dividends, $1.80 and 1.98 for CFPS and $54.7M and $59.3M for Net Income.
September 1, 2020.  Alaris Equity Partners Income Trust acquired all the common shares of Alaris Royalty Corp.  All will trade on TSX as AD.UN
March 29, 2020.  Last estimates were for 2019 and 2020 of $114M and $124M for Revenue, $1.66 and 1.79 for EPS, $1.62 and $1.81 for CFPS and $62.8M and $65.1M for Net Income.
March 30, 2019.  Last estimates were for 2018 and 2020 of $102M and $121M for Revenue, $1.80 and $2.02 for EPS, $1.74 for CFPS for 2018 and $72.3M for Net Income fo 2018.
March 31, 2018.  Last estimates were for 2017, 2018 and 2019 of 100M, 106M and 119M for Revenue, $1.15, $1.80 and $2.02 for EPS, $1.66, $1.75 and $1.74 for CFPS, $34M, $66.8M and $87.1M for Net Income.
January 8, 2018 added Q3 2017 as I had before had Q1 2017.  Also updated estimates.  They all seem to go down.>
January 8, 2017 last estimates were for 2017, 2018 and 2019 of $94M, $109M and $114M for Revenue, $1.51 and $1.78 for EPS for 2017 and 2018, $1.74 and $1.94 for 2017 and 2018 and $59.8M and $72.3M for Net Income for 2017 anmd 2018.
July 16, 2017.  Last estimates were for 2016, 2017 and 2018 of $124M, $136M and $166M for Revenue, $1.88, $2.14 and $2.41 for EPS, $1.88, $2.06 and $3.24 for CFPS
and $72.6M, $89.8M and $112M for Net Income.
August 31, 2020, Alaris Royalty Corp changed its name to Alaris Equity Partners Income Trust effective September 1, 2020.
This company was started at the end of 2007.  It went public in December 2008.  It started to pay dividends in 2009.
Sector:
Financial Services, Financials
What should this stock accomplish?
You should expect a good dividend with low growth.  Good dividend would be over 4% and low growth would be 1 to 7%.
Also, expect some volatility as this company is in Financial Services.
Would I buy this company and Why.
Yes.  There is a lot of things I like about this stock.  How they make their money is different than other financial companies.  Debt Ratios are very good.
It is a dividend growth company with a high dividend yield.
Why am I following this stock.
I own this stock of Alaris Equity Partners Income Trust (TSX-AD, OTC-ALARF).  This is a stock that <a href="http://www.dividendsinhand.com/"
target="_top"> Dividends in Hand </a> Blogger had bought in July 2016.
It was also recommended by Acumen Capital report in a report by Brian Pow and Oliver Shao via Investor’s Digest.
The Blogger Dividends in Hand sold his position in this company in April 29, 2020.
Dividends
Dividends will be paid quarterly after the March 2020 dividend. Mar, Jun, Sep and Dec.
Dividends are paid monthly.  Dividends are declared in one month for shareholders of record of that month and paid in the following month.
For example, on June 20, 2016 the company declared a dividends for shareholders of record of June 30, 2016, payable on July 15, 2016.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers
For employees
For community
For investors
How they make their money.
Alaris Equity Partners Income Trust is an open-ended trust. The Trust, through its subsidiaries, indirectly provides alternative financing to private companies
(Partners) in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust.
Shares; '%, Value $M	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M			Shares	%, Val $M			Change
Date	2018	Mar 30	2019	Mar 29	2020	Apr 4	2021	Apr 4	2022	Apr 8	2023	Apr 6	2024	Apr 3	2025			Apr 13	2026
King, Stephen Walter	1.93%	0.736	2.01%	0.788	2.02%	0.798	1.77%	0.824	1.82%	0.864	1.90%	0.864	1.89%	0.930	2.05%			0.930	2.05%			0.00%
CEO - Shares - Amount	$11.995		$16.144		$11.900		$14.992		$13.211		$14.067		$16.537		$19.133				$20.788
Options - percentage	1.99%	0.725	1.97%	0.516	1.32%	0.517	1.14%	0.353	0.78%	0.386	0.85%	0.386	0.85%	0.454	1.00%			0.454	1.00%			0.00%
Options - amount	$12.318		$15.895		$7.794		$9.705		$5.661		$6.282		$7.385		$9.336				$10.143
Frazer, Amanda Mai						0.013	0.03%	0.021	0.05%	0.027	0.06%	0.027	0.06%	0.049	0.11%			0.050	0.11%			1.96%
CFO - Shares - Amount							$0.243		$0.337		$0.445		$0.523		$1.018				$1.128
Options - percentage						0.198	0.44%	0.036	0.08%	0.151	0.33%	0.151	0.33%	0.175	0.39%			0.175	0.39%			0.00%
Options - amount							$3.715		$0.583		$2.468		$2.901		$3.601				$3.912
Driscoll, Darren																					Ceased insider Nov 2021
CFO - Shares - Amount
Options - percentage
Options - amount
Ervin, Michael Donald		0.006	0.02%	0.023	0.06%	0.032	0.07%	0.045	0.10%	0.064	0.14%	0.064	0.14%	0.091	0.20%			0.091	0.20%			0.00%
Officer - Shares - Amount			$0.138		$0.348		$0.595		$0.723		$1.043		$1.226		$1.877				$2.039
Options - percentage		0.246	0.67%	0.227	0.58%	0.230	0.51%	0.169	0.37%	0.180	0.40%	0.141	0.31%	0.200	0.44%			0.200	0.44%			0.00%
Options - amount			$5.402		$3.434		$4.324		$2.707		$2.929		$2.709		$4.123				$4.479
Delcourt, Craig												0.063	0.14%	0.098	0.22%			0.098	0.22%			0.00%
Officer - Shares - Amount													$1.207		$2.009				$2.183
Options - percentage												0.107	0.23%	0.133	0.29%			0.133	0.29%			0.00%
Options - amount													$2.041		$2.739				$2.976
Bertram, Robert	0.10%	0.043	0.12%	0.053	0.14%	0.058	0.13%	0.063	0.14%	0.068	0.15%	0.068	0.15%	0.071	0.16%			0.074	0.16%			4.25%
Director - Shares - Amount	$0.629		$0.950		$0.806		$1.096		$1.016		$1.113		$1.309		$1.466				$1.661
Options - percentage	0.04%	0.015	0.04%	0.015	0.04%	0.018	0.04%	0.018	0.04%	0.019	0.04%	0.011	0.02%	0.016	0.04%			0.015	0.03%			-4.93%
Options - amount	$0.255		$0.329		$0.227		$0.339		$0.295		$0.308		$0.209		$0.331				$0.342
Shler, J. Mitchell										0.033	0.07%	0.033	0.07%	0.035	0.08%
Director - Shares - Amount											$0.529		$0.622		$0.729
Options - percentage										0.019	0.04%	0.011	0.02%	0.016	0.04%
Options - amount											$0.308		$0.207		$0.331
Langlois, Sophia Jane												0.020	0.04%	0.023	0.05%			0.026	0.06%			13.12%
Director - Shares - Amount													$0.386		$0.475				$0.584
Options - percentage												0.011	0.02%	0.016	0.04%			0.015	0.03%			-4.93%
Options - amount													$0.207		$0.331				$0.342
Grosskoft, Peter												0.010	0.02%	0.021	0.05%			0.025	0.05%		Chairman in 2024	17.09%
Chairman - Shares - Amt													$0.192		$0.431				$0.548
Options - percentage												0.000	0.00%	0.021	0.05%			0.022	0.05%			3.22%
Options - amount													$0.000		$0.431				$0.483
Ripley, John Frederick				0.300	0.77%	0.462	1.02%	0.469	1.04%	0.151	0.33%										Ceased insider May 2023
Chairman - Shares - Amt					$4.533		$8.672		$7.528		$2.454
Options - percentage				0.015	0.04%	0.021	0.05%	0.217	0.48%	0.017	0.04%
Options - amount					$0.227		$0.393		$3.484		$0.277
Lee, Jack Chuck	0.64%	0.240	0.65%	0.250	2.44%
Chairman - Shares - Amt	$3.993		$5.257		$3.771
Options - percentage	0.05%	0.186	0.51%	0.019	0.05%
Options - amount	$0.323		$4.080		$0.283
Increase in O/S Shares	0.39%	0.015	0.04%	0.213	0.58%	0.097	0.25%	0.244	0.54%	0.132	0.29%	0.217	0.48%	0.123	0.27%			0.183	0.40%		Average	0.40%
Due to SO	$2.997		$0.255		$4.671		$2.127		$4.585		$2.117		$3.535		$2.355				$3.766
Book Value	$2.512		$0.240		$4.231		$1.351		$4.347		$2.598		$3.671		$2.354				$3.498
Insider Buying	-$0.447		-$0.493		-$4.224		-$2.634		-$0.160		-$0.115		-$0.005		-$0.455				-$0.055
Insider Selling	$0.159		$0.000		$0.753		$0.318		$1.625		$6.553		$0.000		$0.375				$0.043
Net Insider Selling	-$0.288		-$0.493		-$3.471		-$2.315		$1.466		$6.439		-$0.005		-$0.079				-$0.012
Net Selling % of Market Cap	-0.05%		-0.06%		-0.59%		-0.27%		0.20%		0.87%		0.00%		-0.01%				0.00%
Directors		7		7		6		7		6		6		7				7
Women	14%	1	14%	1	14%	2	33%	3	43%	2	33%	2	33%	2	29%			2	29%
Minorities	0%	0	0%	0	0%	0	0%	0	0%	0	0%	0	0%	0	0%			0	0%
Institutions/Holdings	35.66%	59	29.55%	20	20.51%	20	10.56%	20	7.73%	20	6.44%	20	5.91%	20	5.69%			20	5.41%
Total Shares Held	30.47%	10.821	29.48%	7.511	19.26%	4.740	10.50%	3.489	7.73%	2.917	6.41%	2.687	5.89%	2.855	6.30%			2.453	5.41%
Increase/Decrease 3 Mths	-7.73%	-0.430	-3.82%	0.165	2.24%	0.365	8.34%	0.090	2.63%	-0.243	-7.70%	0.544	25.38%	-86.385	-96.80%			-0.017	-0.67%
Starting No. of Shares		11.251		7.347	Top 20 MS	4.375	Top 20 MS	3.400	Top 20 MS	3.160	Top 20 MS	2.143	Top 20 MS	89.240	Top 20 MS			2.470	Top 20 MS
Copyright © 2008 Website of SPBrunner. All rights reserved.