VANCOUVER, B.C., Dec. 8, 2021 /CNW/ - A&W Revenue Royalties Income Fund (the Fund) (TSX: AW.UN) today declared a cash distribution of $0.155 per trust unit for the period November 1 to November 30, 2021 and a special cash distribution of $0.050 per trust unit. The distributions, totaling $0.205 per trust unit will be paid to unitholders of record at the close of business December 15, 2021 and will be payable on December 31, 2021. These distributions 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
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