VANCOUVER, BC, July 6, 2021 /CNW/ - A&W Revenue Royalties
Income Fund (the Fund) (TRADING SYMBOL: (TSX: AW.UN)) today
declared a cash distribution of $0.135
cents per trust unit for the period June 1 to June 30, 2021. The distribution
will be paid to unitholders of record at the close of business
July 15, 2021 and will be payable on
July 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.
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