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A&W Revenue Royalties Income Fund TSX: AW-UN-T

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Volume
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A&W Revenue Royalties Income Fund Announces April 2021 Cash Distribution

CNW Group - Tue Apr 6, 7:00AM CDT

A&W Revenue Royalties Income Fund Announces April 2021 Cash Distribution

Canada NewsWire

VANCOUVER, BC , April 6, 2021 /CNW/ - A&W Revenue Royalties Income Fund (the Fund) (TSX:AW-UN.TO) today declared a cash distribution of $0 .135 cents per trust unit for the period March 1 to March 31 , 2021.  The distribution will be paid to unitholders of record at the close of business April 15, 2021 and will be payable on April 30 , 2021.  This distribution will be taxed as a non-eligible dividend, as the source of funds to pay the distribution is a dividend from A&W Trade Marks Inc. ("Trade Marks").

A&W Food Services of Canada Inc. ("Food Services") will also receive a similar dividend from Trade Marks on its investment in Trade Marks.

Food Services also announced today that it has declared dividends in the amount of $0.7 million to its shareholders. These dividends will be paid out of Food Services' available working capital and are separate and distinct from distributions declared by the Fund to unitholders of the Fund.

Launched on February 15, 2002 , the Fund, through its investment in Trade Marks, is entitled to receive royalties from Food Services in the amount of 3% of the sales of the 994 A&W restaurants in the Royalty Pool. Cash distributions are paid monthly.  A&W is the second largest quick-service hamburger restaurant chain in Canada.  Operating coast-to-coast, A&W restaurants feature famous trade-marked menu items such as The Burger Family ® , Chubby Chicken ® and A&W Root Beer ® .

SOURCE A&W Revenue Royalties Income Fund

Cision View original content: http://www.newswire.ca/en/releases/archive/April2021/06/c5547.html

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