November 17, 2017
Boyd Group Income Fund Announces November 2017 Cash Distribution
Winnipeg, Manitoba – November 17, 2017 – Boyd Group Income Fund (TSX: BYD.UN) today announced a cash distribution for the month of November 2017 of $0.044 per trust unit. The distribution will be payable on December 20, 2017 to unitholders of record at the close of business on November 30, 2017.
Boyd Group Income Fund’s policy is to pay monthly distributions to unitholders of record on or around the last business day of the month.
Holders of units who are non-residents of Canada will be subject to withholding taxes in respect of any distributions made by Boyd Group Income Fund.
ON BEHALF OF THE BOARD OF TRUSTEES
of Boyd Group Income Fund
Mr. Brock Bulbuck, CEO
About The Boyd Group Income Fund
The Boyd Group Income Fund is an unincorporated, open-ended mutual fund
trust created for the purposes of acquiring and holding certain
investments, including a majority interest in The Boyd Group Inc. and its
subsidiaries. The Boyd Group Income Fund units trade on the Toronto Stock
Exchange (TSX) under the symbol BYD.UN. For more information on The Boyd
Group Inc. or Boyd Group Income Fund, please visit our website at
http://www.boydgroup.com.
About The Boyd Group Inc.
The Boyd Group Inc. (the “Company”), directly and through subsidiaries, is
one of the largest operators of non-franchised collision repair centres in
North America in terms of number of locations and sales. The Company
operates locations in five Canadian provinces under the trade names Boyd
Autobody & Glass (
http://www.boydautobody.com) and
Assured Automotive (http://www.assuredauto.ca), as well as in 21 U.S.
states under the trade name Gerber Collision & Glass (
http://www.gerbercollision.com
). The Company uses newly acquired brand names during a transition period
until acquired locations have been rebranded. The Company is also a major
retail auto glass operator in the U.S. with locations across 31 U.S. states
under the trade names Gerber Collision & Glass, Glass America, Auto
Glass Service, Auto Glass Authority and Autoglassonly.com. The Company also
operates a third party administrator, Gerber National Claims Services
(“GNCS”), that offers glass, emergency roadside and first notice of loss
services. GNCS has approximately 5,500 affiliated glass provider locations
and 4,600 affiliated emergency roadside services providers throughout the
U.S. For more information on The Boyd Group Inc. or Boyd Group Income Fund,
please visit our website at (
http://www.boydgroup.com).
Brock Bulbuck |
Craig MacPhail |
Pat Pathipati |
|
Caution concerning forward-looking statements
Statements made in this press release, other than those concerning
historical financial information, may be forward-looking and therefore
subject to various risks and uncertainties. Some forward-looking
statements may be identified by words like “may”, “will”, “anticipate”,
“estimate”, “expect”, “intend”, or “continue” or the negative thereof
or similar variations. Readers are cautioned not to place undue
reliance on such statements, as actual results may differ materially
from those expressed or implied in such statements. Factors that could
cause results to vary include, but are not limited to: dependence upon
The Boyd Group Inc. and its Subsidiaries; operational performance;
acquisition risk; employee relations and staffing; brand management and
reputation; market environment change; foreign currency risk; loss of
key customers; decline in number of insurance claims; margin pressure;
reliance on technology; weather conditions; competition; access to
capital; dependence on key personnel; tax position risk; quality of
corporate governance; economic downturn; increased government
regulation and tax risk; environmental, health and safety risk;
fluctuations in operating results and seasonality; risk of litigation;
execution on new strategies; insurance risk; cash distributions not
guaranteed; unitholder limited liability is subject to contractual and
statutory assurances that may have some enforcement risks; mass
redemptions; real estate management; single DRP in a market; parts
sourcing by clients; geographic concentration; low capture rates;
interest rates; U.S. health care costs and workers compensation claims;
energy costs; capital expenditures; and the Fund’s success in
anticipating and managing the foregoing risks.
We caution that the foregoing list of factors is not exhaustive and that when reviewing our forward-looking statements, investors and others should refer to the “Risk Factors” section of the Fund’s Annual Information Form, the “Risks and Uncertainties” and other sections of our Management’s Discussion and Analysis of Operating Results and Financial Position and our other periodic filings with Canadian securities regulatory authorities. All forward-looking statements presented herein should be considered in conjunction with such filings.
Boyd Group Services Inc.
1745 Ellice Avenue
Winnipeg, Manitoba, R3H 1A6
Email: info@boydgroup.com
Tel: 204-895-1244
Fax: 204-895-1283