SPINOFF: Wendy's [WEN] and Tim Horton [THI]

Issue:

On 09/29/06 Wendy's (WEN) distributed 1.3542759 shares of Tim Hortons Inc. (THI) for each share of WEN owned in a regular spinoff. This is a normal spinoff. Details on how to enter a normal spinoff can be found at http://www.iclub.com/support/kb/default.asp?page=normal_spinoff.

Cause:

Regular business transaction

Resolution:

Here's the information you need for the spinoff:
1. Spinoff date - 09/29/06
2. Parent company - Wendy's (WEN)
3. Remaining basis percentage of Parent Company, WEN - 47.798.
4. Number of shares held in parent company - provided by software.
5. There is one daughter company - Tim Horton, Inc. (THI)
6. Number of shares of THI received - This will be the number of shares owned in WEN multiplied by 1.3542759 (make sure to include fractional shares).
7. Price per share of daughter company - $26.09.
8. Cash received in lieu of fractional shares - take from broker statement.