Sept 5 (Reuters) - Alaris Royalty Corp AD.TO
* Alaris Royalty Corp. provides an update regarding S.M. Group
* Alaris Royalty Corp - s.M. Group International Lp has now received final arbitration award from international tribunal
* Alaris Royalty Corp - SM has not made Q3 distribution payments to Alaris due to continued cashflow shortfalls in business
* Alaris Royalty Corp - result of SM not making Q3 distribution payments will have no material impact on co's payout ratio