/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES./
WINNIPEG, Feb. 17, 2015 /CNW/ - Boyd Group Income Fund (TSX: BYD.UN)
today announced a cash distribution for the month of February 2015 of
$0.041 per trust unit. The distribution will be payable on March 27,
2015 to unitholders of record at the close of business on February 28,
2015.
Boyd Group Income Fund's policy is to pay monthly distributions to
unitholders of record on or around the last business day of the month.
Holders of units who are non-residents of Canada will be subject to
withholding taxes in respect of any distributions made by Boyd Group
Income Fund.
ON BEHALF OF THE BOARD OF TRUSTEES
of Boyd Group Income Fund
Mr. Brock Bulbuck, President & CEO
About The Boyd Group Income Fund
The Boyd Group Income Fund is an unincorporated, open-ended mutual fund
trust created for the purposes of acquiring and holding certain
investments, including a majority interest in The Boyd Group Inc. and
its subsidiaries. The Boyd Group Income Fund units trade on the Toronto
Stock Exchange (TSX) under the symbol BYD.UN. For more information on
The Boyd Group Inc. or Boyd Group Income Fund, please visit our website
at http://www.boydgroup.com.
About The Boyd Group Inc.
The Boyd Group Inc. (the "Company"), directly and through subsidiaries,
is the largest operator of non-franchised collision repair centres in
North America in terms of number of locations and one of the largest in
terms of sales. The Company operates locations in five Canadian
provinces under the trade name Boyd Autobody & Glass (http://www.boydautobody.com), as well as in 17 U.S. states under the trade names Gerber Collision &
Glass (http://www.gerbercollision.com), Champ's Collision Centers and Craftmaster Auto Body. The Company is
also a major retail auto glass operator in the U.S. with locations
across 29 U.S. states under the trade names Gerber Collision & Glass,
Glass America, Auto Glass Services and Auto Glass Authority. The
Company also operates a third party administrator, Gerber National
Claims Services ("GNCS") that offers first notice of loss, glass and
related services. GNCS has approximately 5,500 affiliated glass
provider locations and 4,600 affiliated emergency roadside services
providers throughout the U.S. In addition to its referral business,
GNCS also owns and operates its own call centre. For more information
on The Boyd Group Inc. or Boyd Group Income Fund, please visit our
website at (http://www.boydgroup.com).
Caution concerning forward-looking statements
Statements made in this press release, other than those concerning
historical financial information, may be forward-looking and therefore
subject to various risks and uncertainties. Some forward-looking
statements may be identified by words like "may", "will", "anticipate",
"estimate", "expect", "intend", or "continue" or the negative thereof
or similar variations. Readers are cautioned not to place undue
reliance on such statements, as actual results may differ materially
from those expressed or implied in such statements. Factors that could
cause results to vary include, but are not limited to: dependence upon
The Boyd Group Inc. and its Subsidiaries; cash distributions not
guaranteed; inability to successfully integrate acquisitions; economic
downturn; operational performance; rapid growth; loss of key customers;
brand management and reputation; insurance risk; quality of corporate
governance; tax position risk; risk of litigation; acquisition risk;
credit & refinancing risks; dependence on key personnel; employee
relations; decline in number of insurance claims; market environment
change; reliance on technology; weather conditions; expansion into new
markets; fluctuations in operating results and seasonality; increased
government regulation and tax risk; Canadian tax related risk;
execution on new strategies; operating hazards; energy costs; U.S.
health care costs and workers compensation claims; low capture rates;
key supplier relationships; capital expenditures; competition;
potential undisclosed liabilities associated with acquisitions; foreign
currency risk; margin pressure; acquisition and start-up growth and
ongoing access to capital; environmental, health and safety risk;
interest rates; unitholder liability limitation and the Fund's success
in anticipating and managing the foregoing risks.
We caution that the foregoing list of factors is not exhaustive and that
when reviewing our forward-looking statements, investors and others
should refer to the "Risk Factors" section of the Fund's Annual
Information Form, the "Risks and Uncertainties" and other sections of
our Management's Discussion and Analysis of Operating Results and
Financial Position and our other periodic filings with Canadian
securities regulatory authorities. All forward-looking statements
presented herein should be considered in conjunction with such filings.
SOURCE Boyd Group Income Fund
