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Boyd Group Services Inc. Announces the Completion of the Conversion of Boyd Group Income Fund to a Corporate Structure
Boyd Group Services Inc. Announces the Completion of the Conversion of Boyd Group Income F...
About this update from Boyd Group Services Inc
[{"type":"text","content":"\n\n\n\nBoyd Group Services Inc. Announces the Completion of the Conversion of Boyd Group Income Fund to a Corporate Structure\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nWINNIPEG, Jan. 2, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n WINNIPEG, Jan. 2, 2020 /CNW/ - Boyd Group Services Inc. (TSX: BYD) (\"BGSI\", \"the Boyd Group\" or \"Boyd\") announced today the completion of the conversion of Boyd Group Income Fund (\"the Fund\") from an income trust to a public corporation, pursuant to a plan of arrangement (the \"Arrangement\") under the Canada Business Corporations Act as described in the Fund's management information circular dated October 14, 2019.  The Arrangement received all required unitholder, trustee, court, TSX and regulatory approvals, as well as approval from the shareholders of Boyd Group Holdings Inc. (\"BGHI\").\nAs a result of the Arrangement, unitholders of the Fund are to receive one BGSI common share for each Fund unit held by the unitholder as at December 31, 2019.  BGHI Class A common shareholders are also to receive one BGSI common share for each BGHI Class A common share held as at December 31, 2019.  After giving effect to the conversion, there will be 20,207,194 BGSI common shares issued and outstanding.\nA letter of transmittal pursuant to which registered unitholders of the Fund can submit their unit certificate(s) in order to receive the BGSI share certificate(s) under the Arrangement has been mailed to all registered shareholders.  A copy of the letter of the transmittal has been filed under the Issuer Profile for the Fund at www.sedar.com. Unitholders of the Fund who hold their units through a broker are not required to submit a letter of transmittal; rather they will receive the BGSI common shares through their brokerage account.\nThe Arrangement was approved at the special meetings of unitholders of the Fund and shareholders of BGHI on December 2, 2019, with 97.77% and 100% of votes cast in fav...