Bridgemarq Real Estate Services Delays Annual Meeting of Shareholders

TORONTO, March 30, 2020 /CNW/ - Bridgemarq Real Estate Services Inc. ("Bridgemarq" or the "Company") (TSX: BRE) today announced that the Company's annual meeting of shareholders, originally scheduled for May 12, 2020, is being delayed until a later date. The Government of Ontario has recently announced the cessation of non-essential business activities. This, coupled with the Company's commitment to combating the potential spread of COVID-19 through minimal human contact and social distancing, obligate the Company to defer its annual meeting of shareholders to a later date. The Company did not announce a rescheduled date but will provide the appropriate notice required under securities regulations when a new date is determined. 

The Company will issue a news release when more details become available about the date of the meeting and will also provide details on the Company's website www.bridgemarq.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking information and other "forward-looking statements". Words such as, "will" and other expressions that are predictions of or could indicate future events and trends and that do not relate to historical matters identify forward-looking statements. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those indicated in the forward-looking statements include: changes in the supply or demand of houses for sale in Canada or in any particular region within Canada, changes in spread of COVID-19, actions taken by governments to contain the spread of COVID-19, or any changes in government policy, laws or regulations, including laws or regulations governing annual meetings of shareholders, and other risks detailed in the Company's annual information form, which is filed with securities commissions and posted on SEDAR at www.sedar.com. Forward-looking information is based on various material factors or assumptions, which are based on information currently available to management. Material factors or assumptions that were applied in drawing conclusions or making estimates set out in the forward-looking statements include, but are not limited to: anticipated economic conditions, anticipated impact of government policies and actions including those directed at containing the spread of COVID-19, and recent regulatory developments. The factors underlying current expectations are dynamic and subject to change. Although the forward-looking statements contained in this news release are based upon what management believes are reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About Bridgemarq Real Estate Services

Bridgemarq is a leading provider of services to residential real estate brokers and a network of over 19,000 REALTORS®¹. 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.

SOURCE Bridgemarq Real Estate Services Inc.