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)
The following are the voting results from the annual general meeting of Unitholders of the Fund held on May 3, 2022.
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:
Votes Represented at the Meeting by Proxy
Votes For by Proxy
% For by Proxy
Votes Withheld by Proxy
% Withheld by Proxy
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.
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®.
SOURCE A&W Revenue Royalties Income Fund