/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES/
WINNIPEG, May 16, 2017 /CNW/ - Boyd Group Income Fund (TSX:
BYD.UN) ("the Fund", "the Boyd Group" or "Boyd") is pleased to announce the election of Violet (Vi) A. M.
Konkle to its Board of Trustees at its Annual General Meeting held on Friday, May 12, 2017
in Winnipeg.
"With significant leadership experience with some of the foremost Canadian retail companies, Vi is a valuable addition to our
Board," said Allan Davis, Independent Chairman of Boyd's Board of Trustees.
Ms. Konkle was most recently President and CEO of The Brick Ltd. and previously held leadership roles with Walmart Canada and
Loblaw Companies Ltd. She is currently a board member of The North West Company Inc. as well as a number of private
companies.
"Boyd Group is a leader in the evolving collision repair industry and has successfully executed on a well defined strategy
over many years," said Ms. Konkle. "I am honoured and excited to join the Board and look forward to contributing to the
Fund's continued success," added Ms. Konkle.
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 one of the largest operators of non-franchised
collision repair centres in North America in terms of number of locations and sales. The Company
operates locations in five Canadian provinces under the trade name Boyd Autobody & Glass (http://www.boydautobody.com), as well as in 20 U.S. states under the trade name
Gerber Collision & Glass (http://www.gerbercollision.com). The Company uses newly acquired brand names during a transition period until
acquired locations have been rebranded. The Company is also a major retail auto glass operator in the U.S. with locations
across 31 U.S. states under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority
and Autoglassonly.com. The Company also operates a third party administrator, Gerber National Claims Services ("GNCS"), that
offers glass, emergency roadside and first notice of loss services. GNCS has approximately 5,500 affiliated glass provider
locations and 4,600 affiliated emergency roadside services providers throughout the U.S. 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; operational performance; acquisition risk; employee relations and staffing; brand management and
reputation; market environment change; foreign currency risk; loss of key customers; decline in number of insurance claims;
margin pressure; reliance on technology; weather conditions; competition; access to capital; dependence on key personnel; tax
position risk; quality of corporate governance; economic downturn; increased government regulation and tax risk; environmental,
health and safety risk; fluctuations in operating results and seasonality; risk of litigation; execution on new strategies;
insurance risk; cash distributions not guaranteed; unitholder limited liability is subject to contractual and statutory
assurances that may have some enforcement risks; ; mass redemptions; real estate management; single DRP in a market; parts
sourcing by clients; geographic concentration; low capture rates; interest rates; U.S. health care costs and workers compensation
claims; energy costs; capital expenditures; 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
View original content: http://www.newswire.ca/en/releases/archive/May2017/16/c4216.html