Good morning, everybody, and welcome to the 2025 Annual General Meeting of the Unit Holders of Boston Pizza Royalties Income Fund. My name is Paulina Hebert, and I am a Trustee of the Fund. I would like to call the 2025 Annual General Meeting of the Unit Holders of Boston Pizza Royalties Income Fund to order. As a Trustee of the Fund, I will act as Chair of the Meeting. Jonathan Jeske of Boston Pizza International Inc. will act as Secretary for the Meeting. Also, Marissa Beintema of Computershare Investor Services Inc. will act as Scrutineer for 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 following representatives of Boston Pizza International Inc. who are participating in today's meeting: Jordan Holm, President of BPI and Boston Pizza GP Inc., and Michael Harbinson, CFO of BPI and Boston Pizza GP Inc. I have before me an affidavit of Emily Black of Computershare attesting that the notice calling this meeting, together with the Management Information Circular, were mailed to registered unit holders and intermediaries in accordance with National Instrument 54-101. Therefore, I conclude that this meeting has been properly called. With your consent, I will not read the formal notice of meeting that was sent to unit holders.
Pursuant to Section 13(5) of the Fourth Amended and Restated Declaration of Trust dated July 3, 2024, a quorum for this meeting shall consist of two or more individuals present in person, either holding, either personally or by proxy, not less in aggregate than 25% of the votes attached to the total voting units outstanding. I have been informed that there is currently not a sufficient number of votes represented at this meeting to satisfy the Fund's quorum requirements. In accordance with Section 13.5 of the Fund's Fourth Amended and Restated Declaration of Trust, we are required to wait 30 minutes after the time the meeting was scheduled to start before determining whether the meeting needs to be adjourned for lack of quorum. Accordingly, we will now wait for 30 minutes, and at the end of that 30-minute period, I will confirm whether a quorum is present or not.
Thank you. Good morning again, everyone. This is Paulina Hebert. I confirm that 30 minutes have elapsed from time fixed for the meeting. I have been informed that there is still no quorum present. As a result, we cannot legally hold the meeting today. Instead, this meeting will adjourn to 10:00 A.M. Pacific Time on Thursday, July 3, 2025, at the corporate office of Boston Pizza International Inc., located at Unit 201, 13571 Commerce Parkway in Richmond, British Columbia, Canada. Details of the adjourned meeting will be provided by the Fund in a news release. I note that when the meeting is reconvened, whatever voting unit holders are present will satisfy the quorum requirements, and we will then deal with all matters set out in the notice of meeting for this meeting today. I would like to thank you all for taking the time to come today.