VANCOUVER, BC, Aug. 2, 2024
/CNW/ - A&W Revenue Royalties Income Fund (the Fund) (TSX:
AW.UN) today declared a cash distribution of 16.0 cents per trust unit for the period July
1 to July 31, 2024. The
distribution will be paid to unitholders of record at the close of
business August 15, 2024 and will be
payable on August 30, 2024. 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 a
dividend in the amount of $1.0
million to its shareholder. The dividend will be paid
out of Food Services' available working capital and is 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 1,047 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
