VANCOUVER, BC, Dec. 8, 2022
/CNW/ - A&W Revenue Royalties Income Fund (the Fund) TRADING
SYMBOL: (TSX: AW.UN) today declared a cash distribution
of 16.0 cents per trust unit for the
period December 1 to December
31, 2022. The distribution will be paid to unitholders
of record at the close of business December
31, 2022 and will be payable on January 31, 2023. 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 $2.0 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 1,015 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