The Boyd Group Income Fund (TSE:BYD.UN) announced that Glass Lewis & Co. and Institutional Shareholder Services (ISS) have both recommended that unitholders vote for the Fund’s proposed conversion from an income trust to a public corporation named Boyd Group Services Inc., which 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.
Glass Lewis and ISS are independent, third party proxy advisory firms who, among other services, provide proxy-voting recommendations to pension funds, investment managers, mutual