Toronto Stock Exchange: BPF.UN
VANCOUVER, BC, July 3, 2024
/CNW/ - Boston Pizza Royalties Income Fund (the "Fund")
(TSX: BPF.UN) is pleased to announce the voting results from its
annual general and special meeting of unitholders held on
Wednesday, July 3, 2024 in
Richmond, British Columbia.
Marc Guay, Paulina Hiebert and Shelley Williams 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 5,894,386 units and other securities with voting
entitlements for the Fund (together, the "Voting Units")
were represented at the meeting, being 24.02% 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
|
5,726,780
|
97.78 %
|
129,804
|
2.22 %
|
|
Election of Paulina
Hiebert as Trustee
|
5,613,125
|
95.84 %
|
243,459
|
4.16 %
|
|
Election of Shelley
Williams as
Trustee
|
5,731,107
|
97.86 %
|
125,477
|
2.14 %
|
|
Proposal
|
Votes
For
|
Votes For
%
|
Votes
Against
|
Votes Against
%
|
|
Approve Fourth Amended
and
Restated Declaration of Trust
|
4,972,210
|
84.90 %
|
884,374
|
15.10 %
|
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 2024 distribution
which was paid on June 28, 2024, the
Fund will have paid out 257 monthly distributions and two special
distributions totaling $434.8 million
or $26.58 per unit. The Fund earns
revenue based on the franchise system sales of the 372 Boston Pizza
restaurants in the Fund's royalty pool.
Boston Pizza International Inc. ("BPI") is
Canada's number one casual dining
brand. The Boston Pizza brand has served communities from
coast-to-coast for 60 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 both as a
Franchisees' Choice Designation winner and a Platinum Member of
Canada's 50 Best Managed Companies
for many years.
The trustees of the Fund have approved the contents of this news
release.
® Boston Pizza Royalties Limited
Partnership. All Boston Pizza registered Canadian trade-marks and
unregistered Canadian trade-marks containing the words "Boston",
"BP", and/or "Pizza" are trade-marks owned by the Boston Pizza
Royalties Limited Partnership and licensed by the Boston Pizza
Royalties Limited Partnership to Boston Pizza International Inc. BP
60th Anniversary design is a trademark of Boston Pizza
Royalties Limited Partnership, used under
license.
SOURCE Boston Pizza Royalties Income Fund