VANCOUVER, BC, July 3, 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 June
1 to June 30, 2024. The
distribution will be paid to unitholders of record at the close of
business July 15, 2024 and will be
payable on July 31, 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.
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