Chemtrade Logistics Income Fund (CHEUN) Earnings Call Transcript & Summary

May 11, 2021

Toronto Stock Exchange CA Materials Chemicals shareholder_meeting 31 min

Earnings Call Speaker Segments

Lorie Waisberg

executive
#1

Good morning, ladies and gentlemen. Welcome to the Annual and Special Meeting of Unitholders of Chemtrade Logistics Income Fund. It's 10 a.m., and I will call the meeting to order. My name is Lorie Waisberg, I'm the Chair of the Chemtrade Board. Online with me today is Louise Waltenbury, a representative of our transfer agent, Computershare Trust Company of Canada, who with the consent of the meeting, will act as Scrutineer to compute the votes of any polls taken at this meeting and to report the results to me. Louise has advised me that as of the start of this meeting, we do not have units -- enough units represented in person or by proxy to achieve the quorum required by our declaration of trust. The declaration of trust sets out in Section 12.3, that we are required to have at least 2 unitholders holding personally or by proxy not less than 25% of the votes attached to all outstanding trust units. Currently, we have only 24,057,656 units, representing 23.3% of our units represented at this meeting. For declaration, our trust requires that we wait for 30 minutes to see if there are sufficient numbers to constitute a quorum. If by 10:30, we still do not have a quorum, I will adjourn this meeting until Wednesday, May 26, 2021, at 10 a.m. We will announce the details of the adjourned meeting by news release and post them on our website. The adjourned meeting will also be in virtual format, so please keep the record of the user name and log-in details you use to access the meeting today as you'll need them to log into the adjourned meeting, which will be hosted on this same platform. We're now going to hold the line open, but I'm not coming back until 10:30. If you wish, you can return at that time as well. Well, it's 10:30. This is Lorie Waisberg again. I'm advised that we still do not have a quorum. Therefore, this meeting stands adjourned until Wednesday, May 26, 2021, at 10 a.m., where in accordance with our declaration of trust, the meeting will take place, and we will deal with the matters set out in the notice of meeting. As I mentioned earlier, we will also announce these details by news release and post them on our website. The adjourn meeting will also be in virtual format, so please keep a record of the user name you use to access the meeting name as you will need it to log into the adjourned meeting. Again, I want to thank you for attending today. The meeting is now adjourned.

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