Home > Market Activity > Get Quotes > News > News Article

A&W Revenue Royalties Income Fund

Exchange: TSX Exchange | Apr 20, 2019, 3:10 AM EDT

AW.UN
$ 39.72 real time data Change Up
Change:
0.32 (0.81%)
Volume:
30,461
Real-time price
Day Low 39.31
Day High 39.77


 Back
,
A&W Revenue Royalties Income Fund Announces April 2019 Cash Distribution
A&W Revenue Royalties Income Fund Announces April 2019 Cash Distribution

A&W Revenue Royalties Income Fund Announces April 2019 Cash Distribution

Canada NewsWire

VANCOUVER, April 2, 2019 /CNW/ - A&W Revenue Royalties Income Fund (the Fund) (TSX symbol AW.UN) today declared a cash distribution of 14.7 cents per trust unit for the period March 1 to March 31, 2019.  The distribution will be paid to unitholders of record at the close of business on April 15, 2019, and will be payable on April 30, 2019.  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 934 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

View original content: http://www.newswire.ca/en/releases/archive/April2019/02/c9391.html

Don Leslie, Chief Financial Officer, 604-988-2141, Email: investorrelations@aw.ca, www.awincomefund.caCopyright CNW Group 2019

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.