VANCOUVER, BC, May 23, 2024
/CNW/ - A&W Revenue Royalties Income Fund (the Fund)
TRADING SYMBOL: The Toronto Stock Exchange –
AW.UN
Voting Results
The following are the voting results
from the annual general meeting of Unitholders of the Fund held on
May 23, 2024.
Appointment of Trustees
Mr. Kevin Mahoney, Ms. Fern
Glowinsky, and Mr. Andrew W.
Dunn 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 by proxy:
|
Nominee
|
Votes
Represented
at the
Meeting by
Proxy
|
Votes For
by Proxy
|
% For by
Proxy
|
Votes
Withheld
by Proxy
|
%
Withheld
by Proxy
|
|
Fern
Glowinsky
|
3,836,647
|
3,437,314
|
89.59 %
|
399,333
|
10.41 %
|
|
Kevin
Mahoney
|
3,836,647
|
3,439,752
|
89.66 %
|
396,895
|
10.34 %
|
|
Andrew W.
Dunn
|
3,836,647
|
3,438,409
|
89.62 %
|
398,238
|
10.38 %
|
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 1,047 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.sedarplus.ca and on the Fund's website at
www.awincomefund.ca.
SOURCE A&W Revenue Royalties Income Fund