A&W Revenue Royalties Income Fund (the Fund)
TRADING SYMBOL: The Toronto Stock Exchange – AW.UN   

VANCOUVER, May 2, 2018 /CNW/ -

Voting Results
The following are the voting results from the annual general and special meeting of Unitholders of the Fund held on May 1, 2018. 

Election of Trustees
Mr. John McLernon, Mr. Hugh Smythe and Mr. Richard McKerracher were re-elected as Trustees for a term expiring at the close of the next annual meeting of Unitholders.

The election of Trustees was conducted by show of hands.  In accordance with the requirements of the Toronto Stock Exchange, the following table reflects the votes represented by proxy that would have been withheld from each Trustee nominee had a ballot been called, as a percentage of votes represented at the meeting:

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.

Amendments to the Amended and Restated Declaration of Trust
Unitholders approved separate special resolutions to approve amendments to the Fund's Amended and Restated Declaration of Trust dated May 3, 2011 (the "Declaration of Trust") to: (i) amend the quorum requirement for meetings of Unitholders of the Fund to two or more individuals present in person either holding personally or representing as proxies not less in aggregate than 5% (previously 10%) of the votes attached to the total of the units of the Fund then outstanding and the units of the Fund issuable upon the conversion, exercise or exchange of the outstanding exchangeable securities of the Fund; and (ii) to clarify that, for certainty and notwithstanding any other provision of the Declaration of Trust, the Fund is permitted to utilize the "notice and access" delivery procedures set out in National Instrument 54-101 – Communication with Beneficial Owners of Securities of a Reporting Issuer.

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 896 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