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Abstract
Boyd Group Income Fund (TSX:BYD.UN) (the "Fund," "Boyd" or the "Boyd Group") today announced that it has entered into an agreement with National Bank Financial Inc. on behalf of a syndicate of underwriters consisting of National Bank Financial Inc. and Cormark Securities Inc., acting as co-leads and joint bookrunners, and including CIBC World Markets Inc., GMP Securities Ltd., Laurentian Bank Securities Inc., Scotia Capital Inc. and Octagon Capital Corp. (collectively, the "Underwriters"), pursuant to which the Fund will issue from treasury, and the Underwriters shall purchase on a "bought-deal" basis, 1,181,000 trust units (the "Units") at a price of $42.35 per Unit for gross proceeds to the Fund of approximately $50,000,000 and $50,000,000 aggregate principal amount of 5.25% convertible unsecured subordinated debentures due October 31, 2021 (the "Debentures") (the "Offering"). The Units and Debentures will be offered to the public by way of a short form prospectus.