Good afternoon, everybody, and welcome to the 2022 Annual General Meeting of unitholders of Boston Pizza Royalties Income Fund. My name is Marc G. Guay, and I am a trustee of the fund. I would like to call the 2022 Annual General Meeting of the unitholders of Boston Pizza Royalties Income Fund to order. As a trustee of the fund, I will act as chair of this meeting. Jonathan Jeske of Boston Pizza International Inc. will act as secretary to the meeting. Also, Marissa Buitma of Computershare Investor Services Inc. will act as scrutineer of the meeting. I would like to welcome and thank you for taking the time to attend this meeting. Before proceeding with the formal business of the meeting, I would like to introduce the two other trustees of Boston Pizza Royalties Income Fund who are in attendance,
Ms. Paulina Hiebert and David L. Merrell. In addition, I would like to introduce the following representatives of Boston Pizza International who are participating in today's meeting. Jim Treliving, Chairman of BPI. Jordan Holm, President of BPI and Boston Pizza GP, and Michael E. Harbinson, Chief Financial Officer of BPI and Boston Pizza GP. I have before me an affidavit of Winnie Lee of Computershare, attesting that the notice calling this meeting together with the information circular were mailed to registered unitholders and intermediaries in accordance with National Instrument 54-101. Therefore, I conclude that the meeting has been properly called. With your consent, I will not read the formal notice of meeting that was sent to unitholders.
Pursuant to Section 13.3 of the Amended and Restated Declaration of Trust, dated December 7th, 2010, the voting unitholders present, either personally or by proxy, shall form a quorum at this meeting. I have before me, and I adopt the scrutineer's report on attendance, which confirms that a quorum is present for the meeting. As a result, I declare that this meeting is duly constituted for the transaction of business. The minutes of the last annual meeting of the voting unitholders of the fund, which was the annual general meeting held on June 9th, 2021, are available for inspection by any unitholder. I will entertain a motion to take the minutes as read and confirmed.
Moved.
Is there any discussion on the motion? All those in favor, please signify by raising your right hand. Against, if any? The motion is carried. On behalf of the Board of Trustees, I have for presentation the audited consolidated financial statements of the fund and the auditor's report thereon for the periods ended December 31st, 2021 and December 31st, 2020. Unless there are questions arising from the audited financial statements, I will consider the audited financial statements received by unitholders as submitted to this meeting. Are there any questions regarding the audited financial statements? I see none. The next item of business is the appointment of auditors. It is proposed that the fund reappoint KPMG LLP as auditors of the fund.
Accordingly, I ask for a motion that KPMG LLP be appointed as auditors of the fund for the ensuing year and that the remuneration of the auditors be determined by the trustees of the fund.
Moved.
Is there any discussion on the motion? I see none. All those in favor, please signify by raising your right hand. Against, if any? The motion is carried. We will now proceed with the appointment of trustees of the fund for the coming year. The information circular, which was mailed to unitholders in connection with this meeting, contains the names of and information about nominees to the Board of Trustees. There are three positions to be filled, each one for a term ending at the next annual meeting or until a successor is duly appointed. I now declare the meeting open for nominations for trustees.
I nominate the persons named in the information circular for this meeting to be trustees of the fund, namely David L. Merrell, Marc G. Guay, and Paulina Hiebert.
Are there any further nominations? Okay, I see none. Each of the nominees has previously consented to act as a trustee of the fund. If there are no other nominations, I would ask for a motion that nominations be closed.
Moved.
Is there any discussion on the motion? All right, I see none. All those in favor, please signify by raising your right hand. Against, if any. The motion is carried. In accordance with the terms of the fund's Majority Voting Policy, this vote will proceed by ballot. Only registered holders of Trust Units and Special Voting Units of the fund or their duly appointed proxy holders are entitled to vote on any matter at this meeting. Each person entitled to vote was given a separate ballot form for the election of trustees when they registered with the scrutineer before the start of the meeting. Your completed and signed ballot should have been returned to the scrutineer by this time. If you have not already done so, please ensure that your ballot is completed and signed, and then returned to the scrutineer.
We will now take a brief recess from the formal meeting to allow the scrutineer time to determine the result of the poll. Thank you. I now have the scrutineer's report on the results of the ballots. The scrutineer's report reads as follows. David L. Merrell, 6,706,028 units voted in favor and 109,086 units withheld from voting. Marc G. Guay, 6,749,897 units voted in favor, and 125,217 units withheld from voting. Paulina Hiebert, 6,735,487 units voted in favor, and 139,627 units withheld from voting. I declare that David L.
Merrell, Marc Guay, and Paulina Hiebert have been elected as trustees of the fund for the ensuing year to hold office until the next annual meeting of the fund or until their successors are elected or appointed in accordance with the provisions of the fund's Amended and Restated Declaration of Trust. We now have completed the formal business for which this meeting was called. I now call for a motion to conclude this meeting.
I move that this meeting be concluded.
All those in favor, please signify by raising your right hand. Against, if any. The motion is carried. I declare this 2022 annual general meeting of the fund concluded. Thank you for your support and attendance. We would like to begin the question and answer session. Does anyone have a question? Since there are no further questions at this time, I'd like to invite everyone to join us for some refreshments. Thank you very much.