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For Immediate Release The Toronto Stock Exchange: BPF.UN
BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES VOTING RESULTS FROM ANNUAL AND SPECIAL GENERAL MEETING AND COMPLETION OF TRANSACTION
Fund issues 5,047,613 new Units trading on the TSX at the open of market today
Highlights
- Unitholders elect all incumbent Fund trustees, appoint KPMG as auditor and vote in favor of proposed Transaction to acquire an additional 1.5% of franchise revenues from Boston Pizza International Inc.
- Transaction is completed and subscription receipts have converted into Fund units traded on the TSX.
- Trustees intend to approve a 6.2% distribution increase beginning with the April distribution payable on May 29, 2015.
- New $90.3 million credit facilities announced in conjunction with the transaction have now been established.
VANCOUVER, BC, May 6, 2015 - Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN; TSX: BPF.R) hereby announces the voting results from its annual and special general meeting of unitholders held on Tuesday, May 5, 2015 in Vancouver, British Columbia.