Unitholders Vote in Favour of PDM Royalties Amalguamation with Imvescor


MONCTON, N.B. – The required majorities of unitholders of the PDM Royalties Income Fund have voted in favour of a proposal to form a new publicly traded corporation named Imvescor Restaurant Group Inc., according to a recent company press release. “The outcome of [the] vote is very positive for unitholders going forward. Should the Nova Scotia Supreme Court grant a final order for the approval of the Arrangement, we anticipate that the Arrangement will be completed no later than early October,” said Brian Flemming, chairman of the Board of Trustees of PDM, in the release. “Additional information concerning the expected closing timetable and trading details for the new IRG shares will be provided later in September,” he added.

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