Big Rock Brewery Income Trust
TSX : BR.UN

Big Rock Brewery Income Trust
BIG ROCK BREWERY LTD.

BIG ROCK BREWERY LTD.

October 26, 2007 16:52 ET

Big Rock Brewery Income Trust Announces Proposed Internal Reorganization Approved by Unitholders

CALGARY, ALBERTA--(Marketwire - Oct. 26, 2007) - Big Rock Brewery Income Trust (the "Trust") today announced that at its special meeting of unitholders held earlier today, unitholders approved (by 99.8% of the votes cast) the proposed internal reorganization which would result in the existing business of the Trust would be carried through a newly formed limited partnership owned by the Trust. Completion of the proposed reorganization is expected to occur in January, 2008.

The proposed 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. The reorganization is conditional on obtaining a number of regulatory and third party approvals.

From a Unitholder's perspective, the reorganization will not result in a change to the number, type or ownership of outstanding Units of the Trust. Further, the reorganization will have 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. The Management Information Circular is also available on SEDAR.

Big Rock is a regional producer and marketer of craft beers, headquartered in Calgary, Alberta, Canada. Big Rock's products are available in draught, bottles and cans. The Company also produces or distributes cider and cooler products. Big Rock products are marketed in eight provinces and three territories in Canada.

Contact Information

  • Big Rock Brewery Ltd.
    Ken Barbet
    President and Chief Executive Officer
    (403) 720-3239
    (403) 236-7523 (FAX)
    or
    Big Rock Brewery Ltd.
    Tim A. Duffin, C.A.
    Chief Financial Officer
    (403) 720-3239
    (403) 236-7523 (FAX)