A and W Revenue Royalties Income Fund T.AW.UN

Alternate Symbol(s): AWRRF

Consumer Cyclical Restaurants

A&W Revenue Royalties Income Fund (the Fund) is a Canada-based company. The Fund is a limited purpose trust established to invest in A&W Trade Marks Inc. (Trade Marks), which through its interest in the A&W Trade Marks Limited Partnership (Partnership), owns the A&W trademarks used in the A&W quick service restaurant business in Canada. In return for licensing, A&W Food Services of Canada Inc. (A&W Food Services) to use its trademarks, Trade Marks receives royalties equal to 3% of the sales of A&W restaurants in the royalty pool. The total number of A&W restaurants in the royalty pool is 1,047. The Fund's capital management objectives are to have sufficient cash and cash equivalents to pay distributions to its unitholders, after satisfaction of its debt service and income tax obligations; provisions for general and administrative expenses; retention of reasonable working capital reserves, and amounts that may be paid by the Fund in connection with any cash redemptions of units.

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A and W Revenue Royalties Income Fund

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Post by Betteryear2on Sep 03, 2021 4:04pm

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Post# 33810639

September 2021 Cash Distribution

VANCOUVER, BC, Sept. 3, 2021 /CNW/ - A&W Revenue Royalties Income Fund (the Fund) (TRADING SYMBOL) (TSX: AW.UN) today declared a cash distribution of $0.150 cents per trust unit for the period August 1 to August 31, 2021. The distribution will be paid to unitholders of record at the close of business September 15, 2021 and will be payable on September 30, 2021. 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 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®.