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A&W Revenue Royalties Income Fund

TSX Exchange | Sep 15, 2019, 3:07 PM EDT | Real-time price

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

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

Canada NewsWire

VANCOUVER, March 5, 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 February 1 to February 28, 2019. The distribution will be paid to unitholders of record at the close of business on March 15, 2019, and will be payable on March 29, 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/March2019/05/c3580.html

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

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