TRADING SYMBOL: The Toronto Stock Exchange – AW.UN
VANCOUVER, April 9, 2020 /CNW/ - A&W Revenue Royalties Income Fund (the Fund) announced today that the Fund has made changes to its annual general meeting (the Meeting) scheduled for April 28, 2020.
The Meeting continues to be scheduled for April 28, 2020 at 11:00 a.m. (Pacific time). However, due to the current serious public health impact of the COVID-19 pandemic, in consideration of the health and safety of our unitholders, colleagues, stakeholders and our broader community, this year's Meeting will be held by teleconference only. Unitholders will be able to listen to, and ask questions at, the Meeting via teleconference instead of attending the Meeting in person.
To attend the Meeting by teleconference, please dial the following toll free or local number approximately five minutes prior to the commencement of the call:
Toll-free at 1-800-309-1256 or local at 1-647-792-1239
Voting at the Meeting will be completed only by proxy – there will be no voting via teleconference. Accordingly, Unitholders are strongly encouraged to complete and submit their proxies or voting instruction forms, as applicable, well in advance of the Meeting. The deadline for voting or receiving proxies in relation to the Meeting is 11:00 a.m. (Pacific time) on Friday, April 24, 2020.
Our Amended and Restated Declaration of Trust requires that we hold an "in person" annual general meeting. Accordingly, certain of our officers and or Trustees will be attending the Meeting in person at the originally announced location for purposes of establishing quorum and voting the valid proxies received.
Full details of the Meeting, including the matters on which unitholders will be asked to vote, are set out in the Notice of Meeting and Information Circular of the Fund, each dated March 17, 2020, copies of which are available under the Fund's profile on SEDAR at www.sedar.com.
We regret that our unitholders will not be able to attend the Meeting in person, but look forward to having you join the Meeting by teleconference.
ABOUT THE FUND
The Fund is a limited purpose trust established to invest in Trade Marks, which through its interest in A&W Trade Marks Limited Partnership (the Partnership), owns the A&W trade-marks used in the A&W quick service restaurant business in Canada. In return for licensing A&W Food Services to use its trade-marks, Trade Marks (through the Partnership) receives royalties equal to 3% of the gross sales reported by A&W restaurants in the Royalty Pool. 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®
FORWARD LOOKING INFORMATION
Certain statements in this press release may contain forward-looking information within the meaning of applicable securities laws in Canada (forward-looking information). The words "anticipates", "believes", "budgets", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "projects", "schedule", "should", "will", "would" and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specific forward-looking statements include statements with respect to: the timing and details of the Meeting and deadline for the submission and voting of proxies. The forward-looking information is subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by the forward-looking information. Those risks and uncertainties include, among other things, risks related to: potential changes in Meeting details and voting procedure, which may limit the manner in which unitholders are able to vote their units. Additional factors which could cause results to differ from current expectations are described in the Fund's most recent Management Discussion and Analysis under the heading "Risks and Uncertainties" and the Fund's Annual Information Form under the heading "Risk Factors", available on SEDAR at www.sedar.com. The forward-looking information contained in this news release represent the Fund's expectations as of the date of this news release and are subject to change after this date. The Fund assumes no obligation to update or revise any forward-looking information, except as required by applicable law.
SOURCE A&W Revenue Royalties Income Fund