2022-05-04 | TSX:AW.UN | Press release

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VANCOUVER, BC, May 4, 2022 /CNW/A&W Revenue Royalties Income Fund (the Fund)

COMMERCIAL SYMBOL: The Toronto Stock Exchange – AW.UN (TSX: AW.UN)

Voting results

Here are the voting results of the Fund’s annual general meeting of unitholders held on May 32022.

Appointment of trustees

Mr. John McLernonMrs. Glowinsky Fernand M. Kevin Mahoney have been appointed trustees for a term expiring at the close of the next annual general meeting of unitholders.

The appointment of trustees was made by a show of hands by 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 and retained for each nominee Trustee had a poll been called, as a percentage of the votes represented at the Meeting:

Candidate

Votes represented at the Meeting by proxy

Votes for by proxy

% for by proxy

Votes withheld by proxy

% withheld by proxy

John McLernon

4,725,732

4,304,051

91.08%

421 456

8.92%

Glowinsky Fern

4,725,732

4,006,382

84.78%

719 125

15.22%

Kevin Mahoney

4,725,732

4,709,444

99.66%

16,063

0.34%

Appointment of auditors

PricewaterhouseCoopers LLP has been appointed 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 1,015 A&W restaurants within the group royalties. Cash distributions are paid monthly. A&W is the second largest chain of quick-service hamburger restaurants in Canada. Operating coast to coast, A&W restaurants feature signature signature dishes such as The Burger Family ®chubby chicken® and Root Beer A&W®.

Additional information regarding the Fund is available on SEDAR at www.sedar.com and on the Fund’s website at www.incomefunds.ca.

SOURCE A&W Revenue Royalties Income Fund

Quote Show original content: http://www.newswire.ca/en/releases/archive/May2022/04/c6755.html

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