A&W Revenue Royalties Income Fund Announces Voting Results from the Adjourned Portion of the Annual General Meeting
A&W Revenue Royalties Income Fund (the Fund)
TRADING SYMBOL: The Toronto Stock Exchange – AW.UN
VANCOUVER, May 16, 2017 /CNW/ -
Voting Results
As previously announced on May 3, 2017, at the annual general meeting of Unitholders of the Fund held on May 2, 2017, the requisite quorum for the election of the trustees of the Fund for the ensuing year was not present. Accordingly, the election of the trustees of the Fund was not voted on at the Meeting and was adjourned to 9:00 a.m. (Pacific Time) on Tuesday, May 16, 2017 at the offices of A&W Food Services of Canada Inc., Suite 300, 171 West Esplanade, North Vancouver, British Columbia.
The following are the voting results from the adjourned portion of the annual general meeting of Unitholders of the Fund held on May 16, 2017.
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:
| Nominee |
Votes Represented at the Meeting |
Votes Withheld by Proxy |
% Withheld by Proxy |
| John McLernon |
1,063,248 |
10,371 |
1.09% |
| Hugh Smythe |
1,063,248 |
8,690 |
.91% |
| Richard McKerracher |
1,063,248 |
10,226 |
1.07% |
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 861 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
Don Leslie, Chief Financial Officer, 604-988-2141, Email: [email protected]
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