VANCOUVER, BC, May 4, 2022
/CNW/ - A&W Revenue Royalties Income Fund (the Fund)
TRADING SYMBOL: The Toronto Stock Exchange – AW.UN (TSX:
AW.UN)
Voting Results
The following are the voting results from the annual general
meeting of Unitholders of the Fund held on May 3, 2022.
Appointment of Trustees
Mr. John McLernon, Ms.
Fern Glowinsky, and Mr. Kevin Mahoney were appointed as Trustees for a
term expiring at the close of the next annual general meeting of
Unitholders.
The appointment of Trustees was conducted by show of hands of
Unitholders and proxyholders present at the meeting. In
accordance with the requirements of the Toronto Stock Exchange, the
following table reflects the votes represented by proxy that would
have been voted for and withheld from each Trustee nominee had a
ballot been called, as a percentage of votes represented at the
meeting:
Nominee
|
Votes Represented at
the Meeting by Proxy
|
Votes For by
Proxy
|
% For by
Proxy
|
Votes Withheld by
Proxy
|
% Withheld by
Proxy
|
John
McLernon
|
4,725,732
|
4,304,051
|
91.08%
|
421,456
|
8.92%
|
Fern
Glowinsky
|
4,725,732
|
4,006,382
|
84.78%
|
719,125
|
15.22%
|
Kevin
Mahoney
|
4,725,732
|
4,709,444
|
99.66%
|
16,063
|
0.34%
|
Appointment of
Auditors
PricewaterhouseCoopers LLP was re-appointed as auditor of the
Fund and the Trustees are authorized to fix the remuneration to be
paid to the auditor.
About the Fund
Launched on February 15, 2002, the
Fund, through its investment in A&W Trade Marks Inc., is
entitled to receive royalties from A&W Food Services of Canada
Inc. in the amount of 3% of the sales of the 1,015 A&W
restaurants in the Royalty Pool. Cash distributions are paid
monthly. A&W is the second largest quick-service hamburger
restaurant chain in Canada.
Operating coast-to-coast, A&W restaurants feature famous
trade-marked menu items such as The Burger
Family ®, Chubby Chicken® and
A&W Root Beer®.
Additional information relating to the Fund is on SEDAR at
www.sedar.com and on the Fund's website at
www.awincomefund.ca.
SOURCE A&W Revenue Royalties Income Fund