Boyd Unitholders Vote in Favor of Proposed Corporate Conversion Arrangement

Boyd Group Income Fund announced that unitholders have voted in favor of the plan of arrangement, which will result in the conversion of the Fund from an income trust to a public corporation named “Boyd Group Services Inc.” The corporation will continue the business of The Boyd Group Inc. and its subsidiaries as one of the largest operators of non-franchised collision repair centers in North America in terms of number of locations and sales.

Boyd is scheduled to seek a final order from the Court of the Queen’s Bench of Winnipeg approving the arrangement on December 10.

Subject to the satisfaction or waiver of all conditions precedent to the arrangement, including obtaining the final order, the arrangement is anticipated to be effective January 1, 2020.

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