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On November 8th we posted a note titled “A Busy Quarter Indeed,” in which we erroneously attributed earnings release information to Wendy’s International (WEN).  The earnings information in question was that of Trian Acquisition Corp, Inc. (TUX).  There is an existing business relationship between Wendy's and Trian Fund Management L.P., however our report was a simple error.  No conclusion or inference should be drawn from it regarding any relationship or transaction between the entities. 

We apologize for any confusion this may have caused.

Howard Penney

Managing Director