RBI LP Clarifies QSP Toronto Exchange Listing for Class B Units

TL;DR

**RBI LP confirmed its Class B units trade as QSP on the TSX, common shares as QSR on the NYSE.**

AI Summary

Restaurant Brands International Limited Partnership (RBI LP) filed an 8-K on January 8, 2024, to clarify its registration details. The filing confirms that its Class B exchangeable limited partnership units trade on the Toronto Stock Exchange under the symbol QSP, while its Common Shares trade on the New York Stock Exchange under QSR. This matters to investors because it provides clear, updated information on where and how their partnership units and common shares are traded, ensuring transparency and compliance with SEC regulations.

Why It Matters

This filing provides essential clarity on the trading venues for Restaurant Brands International Limited Partnership's securities, which is crucial for investors to accurately track and trade their holdings.

Risk Assessment

Risk Level: low — This filing is purely administrative, clarifying existing trading information, and does not introduce new financial risks or operational changes.

Analyst Insight

A smart investor would note this filing as a routine administrative update, confirming the correct trading symbols and exchanges for RBI LP's securities, and would not expect any immediate market impact from this information.

Key Players & Entities

• Restaurant Brands International Limited Partnership (company) — registrant of the 8-K filing
• Toronto Stock Exchange (company) — exchange where Class B exchangeable limited partnership units (QSP) are registered
• New York Stock Exchange (company) — exchange where Common Shares (QSR) are registered
• QSP (other) — trading symbol for Class B exchangeable limited partnership units
• QSR (other) — trading symbol for Common Shares

FAQ

Filing Documents

• qsr-20240108.htm (8-K) — 40KB
• rbisegmentdisclosureandseg.htm (EX-99.1) — 71KB
• rbitrendingschedulejanua.htm (EX-99.2) — 43KB
• rbimasterlogorgbjpg.jpg (GRAPHIC) — 318KB
• rbitrendingschedulejanua001.jpg (GRAPHIC) — 172KB
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• rbitrendingschedulejanua009.jpg (GRAPHIC) — 188KB
• rbitrendingschedulejanua010.jpg (GRAPHIC) — 172KB
• rbitrendingschedulejanua011.jpg (GRAPHIC) — 134KB
• rbitrendingschedulejanua012.jpg (GRAPHIC) — 199KB
• rbitrendingschedulejanua013.jpg (GRAPHIC) — 139KB
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• rbitrendingschedulejanua015.jpg (GRAPHIC) — 132KB
• rbitrendingschedulejanua016.jpg (GRAPHIC) — 266KB
• segmentcontributiongraph.jpg (GRAPHIC) — 47KB
• 0001618755-24-000007.txt ( ) — 4815KB
• qsr-20240108.xsd (EX-101.SCH) — 3KB
• qsr-20240108_def.xml (EX-101.DEF) — 14KB
• qsr-20240108_lab.xml (EX-101.LAB) — 29KB
• qsr-20240108_pre.xml (EX-101.PRE) — 15KB
• qsr-20240108_htm.xml (XML) — 4KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On January 8, 2024, Restaurant Brands International Inc. ("RBI") announced further details on its previously announced change to its reportable segments and announced an updated measure of segment income. Beginning with the fourth quarter and year ended December 31, 2023 , RBI revised its reportable segments to align with how the Chief Operating Decision Maker manages RBI's business, including resource allocation and performance assessment. RBI's revised reportable segments consist of the following: (1) Tim Hortons ("TH"); (2) Burger King ("BK"); (3) Popeyes Louisiana Kitchen ("PLK"); (4) Firehouse Subs ("FHS"); and (5) International ("INTL"). The TH, BK, PLK and FHS segments include results from each brands' operations in the United States and Canada. INTL includes consolidated results from each brands' operations outside of the United States and Canada. In addition, RBI has transitioned its measure of segment income from Adjusted EBITDA to Adjusted Operating Income ("AOI"). AOI represents income from operations, adjusted to exclude (i) franchise agreement amortization ("FAA") as a result of acquisition accounting, (ii) (income) loss from equity method investments, net of cash distributions received from equity method investments, (iii) other operating expenses (income), net and, (iv) income/expenses from non-recurring projects and non-operating activities. Unlike Adjusted EBITDA, AOI includes depreciation and amortization (excluding FAA) as well as share-based compensation and non-cash incentive compensation expense. RBI will continue to report Adjusted EBITDA on a consolidated and segment level basis for supplemental purposes. In order to assist investors, RBI has included in Exhibits 99.1 and 99.2 to this report certain unaudited historical information to provide investors with supplemental financial and operational information that is on a basis consistent with RBI's revised segment structure and new measure of segment

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated January 8, 2024. 99.2 Historical Financial Information for New Segment Reporting 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. RESTAURANT BRANDS INTERNATIONAL INC. RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP, by its general partner RESTAURANT BRANDS INTERNATIONAL INC. Date: January 8, 2024 /s/ Matthew Dunnigan Name: Matthew Dunnigan Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR