TORONTO, March 25,
2024 /CNW/ - Bridgemarq Real Estate Services
Inc. (together with its subsidiaries, "Bridgemarq" or the
"Company") (TSX: BRE) today announced the voting results for
the special meeting (the "Meeting") of its shareholders held
virtually earlier today.
Bridgemarq is pleased to announce that the holders of restricted
voting shares adopted an ordinary resolution (the "Transaction
Resolution") at the Meeting approving the issuance of up to
3,000,000 Class B subordinated limited partnership units ("Class
B Units") by Residential Income Fund L.P. (the
"Partnership"), a subsidiary of the Company, and the
issuance of the restricted voting shares in the capital of the
Company that may be issued upon the exchange of such Class B Units,
as consideration for the acquisition by the Partnership of all of
the outstanding shares of Bridgemarq Real Estate Services Manager
Limited and Proprio Direct Inc. pursuant to a share purchase
agreement dated December 14, 2023,
among (inter alia) the Company, the Partnership and
Brookfield BBP (Canada) L.P. The
full text of the Transaction Resolution is set out in Appendix B to
the Circular.
The results of the voting with respect to the Transaction
Resolution exclude the votes cast by Brookfield BBP (Canada) L.P. and its affiliates and are
summarized in the following table:
|
Votes For
|
%
|
Votes
Against
|
%
|
|
1,448,184
|
93.2
|
105,311
|
6.8
|
Please refer to the Company's management information circular
dated March 1, 2024, (the
"Circular") for a full description of this matter, a copy of
which is available under the Company's profile on SEDAR+ at
www.sedarplus.ca.
About Bridgemarq Real Estate
Services
Bridgemarq is a leading provider of services to residential real
estate brokers and a network of approximately 21,000
REALTORS®. We operate in Canada under the Royal LePage®, Via
Capitale® and Johnston & Daniel® brands.
For more information, go to bridgemarq.com.
Bridgemarq is an affiliate of Brookfield Business Partners, a
business services and industrials company focused on owning and
operating high-quality businesses that benefit from barriers to
entry and/or low production costs. Brookfield Business Partners is
listed on the New York and
Toronto stock exchanges. Further
information is available at bbu.brookfield.com.
BRIDGEMARQ® & DESIGN / BRIDGEMARQ REAL
ESTATE SERVICES® are registered trademarks of
Residential Income Fund L.P. and are used under licence by
Bridgemarq Real Estate Services Inc. and Bridgemarq Real Estate
Services Manager Limited.
Royal LePage® is a registered trademark of Royal Bank of
Canada and is used under licence
by Bridgemarq Real Estate Services Inc. and Bridgemarq Real Estate
Services® Manager Limited.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are
controlled by The Canadian Real Estate Association (CREA) and
identify real estate professionals who are members of CREA.
SOURCE Bridgemarq Real Estate Services Inc.
