Transition to public corporation expected to be completed by January 1.
The Boyd Group Income Fund (TSE: BYD.UN) announced that its unitholders have voted in favor of the plan to convert the Fund from an income trust to a public corporation named Boyd Group Services Inc.
Unitholders representing 81.03% of all units outstanding voted in favor of the proposed conversion 97.77 percent to 2.23% against.
The conversion is anticipated to be effective January 1, 2020.
Announced in September, the Boyd Group said that by converting the Fund to a corporation it can expand its investor base and improve liquidity
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