Canada NewsWire
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 ServicesBridgemarq 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.
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