Robert W. Bras Family

March 04, 2005 12:00 ET

Robert W. Bras Family Press Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ROBERT W. BRAS FAMILY

MARCH 4, 2005 - 12:00 ET

Robert W. Bras Family Press Release

TORONTO, ONTARIO--(CCNMatthews - March 4, 2005) - Not for release over
US newswire Services

The Trustees of the Estate of Robert W. Bras (the "Estate"), the
Trustees of The Bras Family Trust I and the Trustee for The Robert
Webber Bras Trust (collectively the "Trustees") announce today their
decision to offer for sale a portion of the holdings of the family of
the late Robert W. Bras (the "Family") through National Bank Financial.
Presently they hold Class B Exchangeable Units of Menu Foods Limited
Partnership (the "Class B Units"), which are exchangeable on a
one-for-one basis into units of the Fund and will be converted prior to
sale. In total, up to 3.8 million Class B Units representing
approximately 40% percent of their entitlement to units (the "Units") of
Menu Foods Income Fund (the "Fund") may be sold through the facilities
of The Toronto Stock Exchange.

The Trustees and Family wish to make it clear that they continue to
support the Fund and its management and believe in the Fund's future
prospects. However, from a long term financial planning perspective, the
Trustees, as custodians of the assets of the Family, believe that the
Family's assets should be more diversified and accordingly have
authorized this partial sale of their holdings. After giving effect to
their proposed sale, collectively the Family will still own, or be
entitled to own, directly or indirectly approximately 5.7 million Class
B Units which upon conversion would represent approximately 19.8% of the
Units of the Fund.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Norman Goldman
    416-597-3366