01:19 PM EDT, 06/02/2025 (MT Newswires) -- Alaris Equity Partners Income Trust (AD-UN.TO) on Monday said it closed an $80-million offering of 6.5% convertible unsecured senior debentures that were issued at $1,000 apiece.

The underwriters have been granted an over-allotment option of up to $12 million of debentures.

The debentures, which will mature on June 30, 2030, began trading today on the Toronto Stock Exchange under the symbol "AD-DB-B".

Proceeds will be used to partially repay indebtedness.

Alaris also closed a US$21.5 million follow-on investment into advertising agency, The Shipyard, in exchange for additional preferred equity in the agency. This entitles the trust to an additional annualized distribution of US$3 million. The Shipyard used the proceeds to fund an acquisition.

The trust's units were last seen down $0.03 to $18.49 on the Toronto Stock Exchange.

Price: 18.46, Change: -0.06, Percent Change: -0.32