October 2, 2017
Boyd Group Income Fund Confirms Notice Date for Debenture Conversion
Winnipeg, Manitoba – October 2, 2017 – Boyd Group Income Fund (TSX: BYD.UN) (“the Fund” or “the Boyd Group” or “Boyd”) confirms that, further to the press release dated September 6, 2017, holders of the Fund’s outstanding 5.25% Convertible Unsecured Subordinated Debentures due October 31, 2021 (the “Debentures”) must give notice to the Trustee by 5:00 p.m. EDT on October 10, 2017 to elect to convert the Debentures into Fund units at the Conversion Price.
Capitalized terms used above and not defined herein shall have the meaning ascribed to them in the Trust Indenture dated as of September 29, 2014.
About 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 20 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).
For further information, please contact:
|Brock Bulbuck||Craig MacPhail|
|Tel: (204) 594-1770||Tel: (416) 586-1938 or toll free 1-800-385-5451|
|Executive Vice President & CFO|
|Tel: (204) 895-1244 (ext. 33841)|
Boyd Group Services Inc.
1745 Ellice Avenue
Winnipeg, Manitoba, R3H 1A6