TRADING SYMBOL: The Toronto Stock Exchange - AW.UN
VANCOUVER, May 2, 2012 /CNW/ -
The following are the voting results from the annual general meeting of unitholders of A&W Revenue Royalties Fund (the Fund) held on May 1, 2012.
Election of Trustees
Mr. John McLernon and Mr. Hugh Smythe were re-elected as Trustees for a term expiring at the close of the next annual meeting of Unitholders. Mr. Carl Vanderspek, who had been a Trustee of the Fund since 2006, stepped down and Mr. Richard McKerracher was elected as a new Trustee of the Fund for a term expiring at the close of the next annual meeting. Mr. McKerracher, a Chartered Accountant, was formerly President of Sauder Industries Limited and brings almost 40 years of business experience to the Fund.
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 737 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.
For further information:
Chief Financial Officer