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  5. AD.UN: Good afternoon, Very curious on your thoughts regarding Alaris' latest investment. [Alaris Equity Partners Income Trust]

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Q: Good afternoon,
Very curious on your thoughts regarding Alaris' latest investment. Mostly preferreds at high rates, and some common. Sounds like a Berkshire-type of deal, with the preferreds playing such a large role. Seems out of the ordinary for them -- from my limited knowledge -- and does it de-risk the units somewhat, or add to the risk.
Thank you as always
Asked by Warren on November 10, 2025
5i Research Answer:
We have comments posted on the quarter; AD's investment in Optimus looks fine. It has used...
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