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 Dec 08, 2021 8:10am

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Post# 34209668

December 2021 Cash Distribution & Special Cash Distribution

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").