VANCOUVER, BC, June 16,
2022 /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
Thursday, June 16, 2022 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 6,906,542 units and other securities with voting
entitlements for the Fund (together, the "Voting Units")
were represented at the meeting, being 27.87% 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
|
6,749,897
|
98.18 %
|
125,217
|
1.82 %
|
Election of David L.
Merrell as Trustee
|
6,706,028
|
97.54 %
|
169,086
|
2.46 %
|
Election of Paulina
Hiebert as Trustee
|
6,735,487
|
97.97 %
|
139,627
|
2.03 %
|
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 2022 distribution
which is payable on June 30, 2022,
the Fund will have paid out 233 monthly distributions and one
special distribution totaling $378.9
million or $23.97 per Unit.
The Fund earns revenue based on the franchise system sales of the
383 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 58 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
Franchisees' Choice Designation winner and has been a Platinum
Member of Canada's 50 Best Managed
Companies for nine consecutive years.
The trustees of the Fund have approved the contents of this news
release.
® Boston Pizza Royalties Limited Partnership. All Boston Pizza
registered Canadian trademarks and unregistered Canadian trademarks
containing the words "Boston", "BP", and/or "Pizza" are trademarks
owned by the Boston Pizza Royalties Limited Partnership and
licensed by the Boston Pizza Royalties Limited Partnership to
Boston Pizza International Inc.
SOURCE Boston Pizza Royalties Income Fund