Market dataIncome framework read
ETFs and Income FundsTSXCanada

AD-UN.TO

Alaris Equity Partners Income Trust

FinancialsClosed-end fundUnknown

Market Snapshot

$23.60

+$0.20 (85.47%)

Toronto

Yield

6.02%

Rate $1.42

Next Payment

Payment date passed

Ex-date 2026-03-31

52wk Position

99.49%

-0.13% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Quarterly income profile is visible

AD-UN.TO has an income profile aligned with its etfs and income funds role. Provider data shows 4 recent payout records.

2

DRIP defense

Editorial framework

Fortress at the default 100-share test

AD-UN.TO prints 1.5 shares per payment at default inputs. The defended price ceiling is $35.50.

3

Main watch item

Provider reported

Price sits close to its 52-week high

AD-UN.TO is -0.13% below its provider-reported 52-week high. For DRIP planning, that can compress the number of shares printed per payment.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Fortress
Cash
$35.50
APR
1.504
Coverage
1.504

Fortress level. Selectively used for highest-priority rungs.

Price Creep

Defended price ceiling

Max defended
$35.50
Cushion
$11.90
Cushion %
50.42%
Current $23.60Break $35.50

Smart Recommendation

AD-UN.TO is inside the defended DRIP zone at these inputs; monitor price creep before adding new capital.

Research Signals

Research in progress

DRIP availability

Pending

Tax character

Pending

Distribution history

Pending

Structure Overview

This is a basket product—an exchange-traded fund or closed-end fund—that holds a portfolio of underlying securities and passes distributions to unitholders. Tax character depends on what the underlying portfolio holds; Canadian equity ETFs may distribute eligible dividends, while multi-asset funds may pass through foreign income or return of capital. MER, payout policy, and underlying composition should be reviewed with the fund provider.

Canadian Planning Notes

  • 1ETF distributions may include eligible dividends, foreign income, capital gains, or return of capital; check the annual T3 slip for the actual breakdown.
  • 2DRIP availability for ETFs depends on your broker's plan; not all ETF units qualify for automatic reinvestment at every institution.
  • 3Compare the ETF's stated yield against total return over rolling periods before treating the stated distribution as sustainable income.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$23.60

Previous close

$23.40

Day range

$23.36 - $23.63

52wk range

$17.80 - $23.63

Market cap

1.1B

Volume

43.3K

Avg volume

76.6K

Exchange

Toronto

Dividend and distribution

Forward rate

$1.42

Trailing rate

$1.42

Forward yield

6.02%

Trailing yield

6.07%

Per payment

$0.36

Cadence

Quarterly

Next ex-date

Mar 31, 2026

Next pay

Apr 15, 2026

Last dividend

$0.37

Last dividend date

Mar 31, 2026

Performance

Daily change

$0.20

Daily change %

85.47%

52wk position

99.49%

Below 52wk high

-0.13%

Above 52wk low

32.58%

Open

$23.40

Earnings and financials

Trailing EPS

2.06

Forward EPS

2.17

Revenue

177.7M

Revenue growth

2.70%

Profit margin

60.93%

Operating margin

66.52%

Payout ratio

N/A

Free cash flow

94M

Total cash

5.7M

ROE

9.59%

ROA

6.97%

Debt/equity

23.07

Beta

1.41

Valuation

Trailing P/E

11.46

Forward P/E

10.88

Price/sales

6.05

Price/book

0.93

Enterprise value

1.3B

EV/EBITDA

8.99

Analyst facts

Target mean

$27.19

Target high

$29.00

Target low

$24.00

Recommendation mean

N/A

Recommendation key

none

Analysts

8

Canadian Context

Account placement

TFSA

Mixed-character distributions are usually easiest to handle in a TFSA because annual tax reporting is avoided.

RRSP: Also shelters distribution complexity.

Non-registered: Review T3 or issuer tax breakdown before using a taxable account.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

Carry this holding into a calculator

Use a planning tool that matches this holding's structure, payout timing, and income use case.

Map income timingCompare dividend holdings

Compare With Peers

Similar income profiles

Compare in Dividend Compare Engine

FIE.TO

iShares Canadian Financial Monthly Income ETF

Unknown

HCA.TO

Hamilton Canadian Bank Mean Reversion Index ETF

Unknown

HCAL.TO

Hamilton Canadian Bank Equal-Weight Index ETF

Unknown

Related Holdings

BNS.TO

Bank of Nova Scotia

Quarterly

TD.TO

Toronto-Dominion Bank

Quarterly

RY.TO

Royal Bank of Canada

Quarterly

CM.TO

Canadian Imperial Bank of Commerce

Quarterly

ZWB.TO

BMO Covered Call Canadian Banks ETF

Monthly

This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.