Alaris Equity Partners Income Trust (ADUN) Earnings Call Transcript & Summary

Hello, and welcome to the Annual Meeting of Unitholders of Alaris Equity Partners Income Trust. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to Chief Legal Officer and Secretary of Alaris Equity Partners Income Trust, Mike Ervin, Mr. Ervin, the floor is yours.

Thank you for joining us today. My name is Mike Ervin. I'm the Chief Legal Officer and Secretary of Alaris Equity Partners Income Trust. Before we begin with the meeting, we would like to provide a quick overview of the virtual media platform. You should now see the agenda on your screen at the top of -- at the top of the agenda page, there is a legend showing different icons you may click on the screen to access different parts of the platform. The voting icon will only be displayed once the polls are open, which timing will be confirmed by the Chairperson of the meeting. I would also refer you to the meeting code of conduct, which is posted on the portal with the other media materials. This code of conduct sets out certain procedural matters for the meeting. We will be conducting the meeting in accordance with the terms of this code of conduct as well as the trust Declaration of Trust. I will now turn the meeting over to Steve King, who will chair the meeting.

Thanks, Mike. Welcome to the Annual General Meeting of Unitholders of Alaris Equity Partners Income Trust. The meeting will now come to order. My name is Steve King, I'm the President and Chief Executive Officer and Trustee of Alaris. As is our custom, we will conduct the formal business portion of the meeting first, and following the adjournment of the business portion, management will hold a question-and-answer session. Only validated unitholders and proxy holders are permitted to enter the unitholders' portal for this meeting. Such validated persons may ask questions in the designated questions section of the portal. In order to ensure we can answer questions from as many unitholders as possible, we will be limiting each unitholder to 2 questions. Now with your approval, I will ask Mike Ervin, Chief Legal Officer and Secretary of the Trust to act as Secretary of the meeting; and Stephanie Tuss of Computershare Trust Company to act as scrutineer of this meeting. In order that the meeting covers all of the business for which it was convened within a reasonable period of time, we have prearranged with a number of persons attending this afternoon to move and second the motions to be put before the meeting. This procedure is not an attempt to discourage participation, but merely a way of expediting the proceedings. There will be ample opportunity during the other business portion of the meeting to raise any questions, concerns or comments you may have or during the question-and-answer following the formal portion of the meeting. We have received the declaration of Computershare as to the -- as to the due mailing of the meeting materials to the registered and such other unitholders entitled to receive the same. I direct that copies of the documents mailed to the unitholders be kept by the secretary with the minutes of this meeting. If there is no objection, the reading of the notice of meeting will be dispensed with. Okay. Pursuant to the Trust declaration of trust, business may be transacted at this meeting if not less than 2 persons are present in person, including attending on the web portal, holding or representing by proxy at least 5% of the units entitled to be voted at the meeting. The scrutineers' report has now been received, and I'm advised that the total representation at the meeting by unitholders present in person or by proxy is 51 unitholders holding 11,535,678 trust units or 25.55% of the units entitled to be voted at this meeting. I declare that there is a quorum of unitholders present at the meeting. I now declare that the meeting is regularly called and properly constituted for the transaction of business. If you are a registered unitholder or a duly appointed proxy holder, and you have already voted by proxy, your vote has been counted, and there will be no need to vote during this meeting, unless you wish to revoke or change your vote at this time. For those registered unitholders that have not previously submitted their votes or wish to change or revoke their votes, they can vote through the voting field available on the unitholder portal. Following the presentation of the matters to be voted on at the meeting, there will be a time allotment to permit such voting. The first item of business is the presentation to unitholders of the financial statements of the trust for the fiscal year ended December 31, 2021, and auditors' report thereon. A copy of the financial statements have been mailed to each registered unitholder they requested a copy. There are copies of the financial statements available to unitholders on the Trust's website under the Investors section at www.alarisequitypartners.com. I would now like to present the matters to be voted on at this meeting. Matter 1 is to fix the number of trustees of the trust to be elected at the meeting at 6. Matter 2 is the election of each of John Ripley, E. Mitchell Shier, Stephen King, Robert Bertram, Sophia Langlois and Kim Lynch Procter as trustees of the trust to hold office until the next annual election of trustees or until their successors are duly elected or appointed, subject to the provisions of the Declaration of Trust. Matter 3 is the appointment of KPMG LLP as the auditors of the Trust I believe Ms. Frazer has a motion with regard to the foregoing matters.

I move that the foregoing proposals be put before the meeting for approval.

I second that motion.

It is now 11:06 a.m. Mountain Time and the voting function is now open on the web portal. As previously mentioned, any registered unitholders and duly appointed proxy holder who has not voted yet or wishes to change their vote may do so now by clicking on the voting button on the web portal and following the instructions there. Unitholders who have already sent in their proxies or voted via the Internet or telephone and do not want to change their votes, do not need to take any further action. We will just pause for people to vote. [Voting]

Okay. Now that every unitholder has had the opportunity to vote, I now declare the polls closed for the meeting. I have now received the scrutineer's report on the voting with respect to the matters to be voted on at the meeting. I am advised by the scrutineers that each of the matters before the meeting have been approved. And as such, the number of trustees for the trust has been fixed at 6. Each of the nominees for election to the Board have been duly elected to serve as trustees until the next annual election of trustees or until their successor has been duly elected or appointed, and that KPMG LLP has been appointed as auditor of the trust. I direct that a copy of the scrutineer's report in respect of the meeting be kept by the secretary with the minutes of this meeting. Particulars of the meeting may be obtained from the Secretary of the meeting, unless there are any questions from the floor, the Chair would entertain a motion that this meeting be terminated.

I move this meeting be terminated.

I second the motion.

The motion is approved, and I now declare this meeting terminated. Myself and Amanda Fraser, Chief Financial Officer of the Trust will now make ourselves available to any questions that you may have.

Participants are advised that the responses to questions may contain forward-looking statements as defined under applicable securities laws. Such statements are being made subject to the disclaimers contained in Alaris' annual and quarterly MD&A and other disclosure documents, and you are advised to review such disclaimers in conjunction with such statements.

Okay. thing is we don't have any questions in the queue. I'd like to thank everybody for tuning in, and thank you for your support as shareholders. We look forward to reporting back to you next year. Thank you.

This concludes the meeting. You may now disconnect.