Big Rock Brewery Income Trust

Big Rock Brewery Income Trust


December 21, 2007 18:03 ET

Big Rock Brewery Income Trust Announces Completion of Internal Reorganization

CALGARY, ALBERTA--(Marketwire - Dec. 21, 2007) - Big Rock Brewery Income Trust (TSX:BR.UN) (the "Trust") is please to announce it has completed its previously announced internal reorganization. Upon completion of the internal reorganization the existing business of the Trust is now carried on through Big Rock Brewery Limited Partnership, a newly formed limited partnership owned by the Trust. The reorganization, which has been adopted by a number of other income trusts, will provide the Trust with a "flow-through" structure that will maximize the cash available for distribution to Unitholders by reducing the income taxes paid under the current structure.

From a Unitholder's perspective, the reorganization does not result in a change to the number, type or ownership of outstanding Units of the Trust. Further, the reorganization has no impact on the daily operations of the business.

A detailed description of the reorganization is contained in the Notice of Meeting and Management Information Circular that was mailed to Unitholders in connection with the Special Meeting held on October 26, 2007. The Management Information Circular is also available on SEDAR.

The Trust is an unincorporated open-ended limited purpose trust established under the laws of the Province of Alberta. The Trust owns all of the securities of Big Rock Brewery Ltd. ("Big Rock") which entitles the Trust to receive all cash flow available for distribution from the business of Big Rock, after debt service payments, maintenance capital expenditures and other cash requirements.

About Big Rock Brewery

Big Rock - headquartered in Calgary, Alberta - continues to produce premium, all-natural craft beers. As Canada's leading craft brewer, Big Rock Brewery boasts a family of ten exceptional ales and lagers; Rock Creek dry apple cider as well as an ongoing selection of seasonal beers. Big Rock products are sold in eight provinces and three territories in Canada and, oddly enough, they are also available in Korea. For more information on Big Rock Brewery visit

Contact Information

  • Big Rock Brewery Operations Corp.
    Ken Barbet
    President and Chief Executive Officer
    (403) 720-3239
    (403) 236-7523 (FAX)