– CANADA, Toronto – Blockchain Power Trust (TSXV:BPWR.UN), today announced a change to the board of directors of its administrator. At the annual and special meeting of the Trust, the unitholders approved the election of all director nominees.
David Barclay and William Steers were newly elected to the board, each of Ravi Sood, J. Colter Eadie, Amar Bhalla, John Huxley and Savneet Singh were re-elected to the board and Joel Strickland did not stand for re-election.
Each of the directors was elected to hold office until the next annual meeting of unitholders or until a successor is duly elected or appointed.
About Blockchain Power
The Trust, through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, has been formed to acquire interests in renewable energy assets in Romania, other countries in Europe and abroad that can provide stable cash flow to the Trust and a suitable risk-adjusted return on investment.
The Trust seeks to provide investors with long-term, stable distributions, while preserving the capital value of its investment portfolio through investment, principally in a range of operational assets, which generate electricity from renewable energy sources, with a focus on solar and hydro power. The Trust intends to qualify as a “mutual fund trust” under the Income Tax Act (Canada). The Trust will not be a “SIFT trust”, provided that the Trust complies at all times with its investment restriction which precludes the Trust from holding any “non-portfolio property” (as defined in the Tax Act).
For more information : http://www.blockchainpower.com
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