Key Developments: Boyd Group Income Fund (BFGIF.PK)
19.38USD
9 May 2013
$0.01 (+0.05%)
$19.37
$19.38
$19.38
$19.38
1,900
194
$19.38
$12.32
Latest Key Developments (Source: Significant Developments)
Boyd Group Income Fund Announces May 2013 Cash Distribution
Boyd Group Income Fund announced that a cash distribution for the month of May 2013 of $0.039per trust unit. The distribution will be payable on June 26, 2013 to unitholders of record at the close of business on May 31, 2013. Full Article
Boyd Group Income Fund Announces April 2013 Cash Distribution
Boyd Group Income Fund announced a cash distribution for the month of April 2013 of $0.039 per trust unit. The distribution will be payable on May 29, 2013 to unitholders of record at the close of business on April 30, 2013. Full Article
Boyd Group Income Fund Announces March 2013 Cash Distribution
Boyd Group Income Fund announced a cash distribution for the month of March 2013 of $0.039 per trust unit. The distribution will be payable on April 26, 2013 to unitholders of record at the close of business on March 31, 2013. Full Article
Boyd Group Income Fund Announces February 2013 Cash Distribution
Boyd Group Income Fund announced that cash distribution for the month of February 2013 of $0.039 per trust unit. The distribution will be payable on March 27, 2013 to unitholders of record at the close of business on February 28, 2013. Full Article
Boyd Group Income Fund Announces Closing of Over-Allotment Option
Boyd Group Income Fund announced that it has issued $4,200,000 aggregate principal amount of five year 5.75% convertible unsecured subordinated debentures due December 31, 2017(the Debentures) pursuant to an over-allotment option (the Over-Allotment Option) granted to the underwriters set forth below. This $4,200,000 aggregate principal amount of Debentures is in addition to the $30,000,000 principal amount of Debentures that were issued by the Fund on December 19, 2012. This exercise of the Over-Allotment Option brings the total gross proceeds of the offering to $34,200,000(the Offering). The Offering was led by National Bank Financial Inc., Cormark Securities Inc., and CIBC World Markets Inc., acting as co-leads and joint bookrunners, and included Laurentian Bank Securities Inc., and Octagon Capital Corporation (collectively, the Underwriters). The net proceeds of the Offering will be principally used to replenish the cash balances of the Fund following its previously announced acquisitions of Autocrafters and The Recovery Room as well as to fund ongoing growth for 2013, with the remainder being used for general working capital purposes. Full Article
Boyd Group Income Fund Announces Closing of $30 Million Bought Deal Financing of Convertible Debentures
Boyd Group Income Fund announced that it has closed its previously announced bought deal offering (the Offering) of five year 5.75% convertible unsecured subordinated debentures due December 31, 2017 (the Debentures). The Offering was led by National Bank Financial Inc., Cormark Securities Inc., and CIBC World Markets Inc., acting as co-leads and joint bookrunners, and included Laurentian Bank Securities Inc., and Octagon Capital Corp. (collectively, the Underwriters). The Underwriters also received the option, exercisable in whole or in part at any time up to 30 days after the closing of the Offering, to purchase up to an additional $4,500,000 aggregate principal amount of Debentures for market stabilization purposes and to cover overallotments, if any. The net proceeds of the Offering will be principally used to replenish the cash balances of the Fund following its previously announced acquisitions of Autocrafters and The Recovery Room as well as to fund ongoing growth for 2013, with the remainder being used for general working capital purposes. Full Article
Boyd Group Income Fund Announces December 2012 Cash Distribution
Boyd Group Income Fund announced a cash distribution for the month of December 2012 of $0.039 per trust unit. The distribution will be payable on January 29, 2013 to unitholders of record at the close of business on December 31, 2012 . Full Article
Boyd Group Income Fund Completes Acquisition of Autocrafters in US
Boyd Group Income Fund announced that on November 30, 2012, it has completed the acquisition of Autocrafters Collision Repair, Walker Collision Repair, and S&L Auto Glass (collectively Autocrafters), which was previously announced on November 29, 2012. The total consideration for the transaction was approximately USD19.5 million. Full Article
Boyd Group Income Fund To Acquire Assets Of Recovery Room Of Central Florida, Inc
Boyd Group Income Fund announced that it has signed a definitive agreement to acquire the assets of The Recovery Room of Central Florida, Inc. (TRR), which owns 11 collision repair centers in the Orlando, Florida market under the trade name The Recovery Room Collision Repair. The acquisition is scheduled to close at the end of day, November 16, 2012. The total consideration of approximately USD7.3 million, plus a work-in-progress inventory adjustment will be funded through a combination of cash, bank debt and third-party financing. The Fund will not be issuing any new equity to fund the transaction and therefore, the transaction will not result in equity dilution to unit holders. Full Article
Boyd Group Income Fund Announces August 2012 Cash Distribution
Boyd Group Income Fund announced a cash distribution for the month of August 2012 of $0.0375 per trust unit. The distribution will be payable on September 26, 2012 to unitholders of record at the close of business on August 31, 2012. Full Article
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