June 28 (Reuters) - Alaris Royalty Corp AD.TO
* Alaris Royalty Corp. announces a new partner, additional proceeds from KMH and provides a corporate update, including reduction of payout ratio to below 90%
* Alaris Royalty Corp - Announce a $20.0 million contribution to a new partner
* Alaris Royalty Corp says accscient contribution was funded with proceeds from KMH and Alaris' revolving credit facility and closed on June 28, 2017
* Alaris Royalty Corp - Accscient used proceeds to retire its debt obligations
* Alaris Royalty Corp - Wednesday's announcements result in Alaris lowering its annualized payout ratio to below 90%
* Alaris Royalty Corp - Has received an additional $9.8 million of cash from KMH Limited partnership
* Alaris Royalty Corp - Co can force sale of all remaining KMH assets if minimum of additional $12.2 million of KMH notes is not repaid by Dec. 31, 2017 Source text for Eikon: ID:nCCNknynHa Further company coverage: AD.TO