VANCOUVER, BC, Dec. 9, 2021 /CNW/ - A&W Revenue
Royalties Income Fund (the Fund) (TSX: AW.UN) today declared a cash
distribution of $0.155 cents per
trust unit for the period December 1 to
December 31, 2021. The distribution will be paid to
unitholders of record at the close of business December 31, 2021 and will be payable on
January 31, 2022. 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 $2.0
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