Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Boston Pizza Royalties Income Fund Announces Results of AGM Voting

T.BPF.UN

Canada NewsWire

Toronto Stock Exchange: BPF.UN

VANCOUVER, BC , June 9, 2021 /CNW/ - Boston Pizza Royalties Income Fund (the " Fund ") (TSX: BPF.UN) is pleased to announce the voting results from its annual general meeting of unitholders held on Wednesday, June 9, 2021 in Richmond, British Columbia .

Marc Guay , David Merrell and Paulina Hiebert were re-elected to the Board of Trustees of the Fund for the ensuing year. Marc Guay will continue in the role of Chair of the Fund.

A total of 6,390,446 units and other securities with voting entitlements for the Fund (together, the " Voting Units ") were represented at the meeting, being 25.78% of the Fund's issued and outstanding Voting Units. Detailed results of the ballot votes are provided below:

Proposal

Votes For

Votes For %

Votes Withheld

Votes Withheld
%

Election of Marc Guay as Trustee

6,253,153

98.73%

80,598

1.27%

Election of David L. Merrell as Trustee

6,251,638

98.71%

82,011

1.29%

Election of Paulina Hiebert as Trustee

6,237,509

98.48%

96,242

1.52%

At the meeting, by a vote by show of hands, KPMG LLP was appointed as the auditor of the Fund for the ensuing year and the Trustees of the Fund were authorized to fix the remuneration of the auditor.

ABOUT US

The Fund is a limited purpose open ended trust with an excellent track record for investors since its IPO in 2002. Including the May 2021 distribution which is payable on June 30, 2021 , the Fund will have paid out 221 monthly distributions and one special distribution totaling $358 .2 million or $23 .01 per Unit. The Fund earns revenue based on the franchise system sales of the 387 Boston Pizza restaurants in the Fund's royalty pool.

BPI is Canada's number one casual dining brand. The Boston Pizza brand has served communities from coast-to-coast for over 56 years since opening its first restaurant in Edmonton, Alberta in 1964. Today Boston Pizza proudly remains a Canadian company with its hundreds of local franchise owners operating more dining rooms, sports bars and patios than any other single brand in the country, along with take-out and delivery. BPI has been recognized as a Platinum Member of Canada's 50 Best Managed Companies and has been a Franchisees' Choice Designation winner for eight consecutive years .

The trustees of the Fund have approved the contents of this news release.

SOURCE Boston Pizza Royalties Income Fund

Cision View original content: http://www.newswire.ca/en/releases/archive/June2021/09/c5759.html



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today