A & W Food Services of Canada Inc T.AW

Successful Closing of Combination Transaction T.AW

[Betteryear2]

VANCOUVER, BC, Oct. 17, 2024 /CNW/ - A&W Revenue Royalties Income Fund (the "Fund") and A & W Food Services of Canada Inc. ("A&W Food Services") are pleased to announce the successful closing of the strategic combination (the "Transaction") between the Fund and A&W Food Services to create a leading publicly traded growth-focused quick-service restaurant ("QSR") franchisor ("A&W Food Services NewCo"). A&W Food Services NewCo offers a compelling new investment opportunity supported by a more conventional capital structure that can be leveraged to finance growth initiatives. With this transaction complete, shareholders will have the opportunity to fully capitalize on the many catalysts driving this Canadian success story while continuing to benefit from the experience and track record of the current leadership team and attractive quarterly dividend.

A&W Revenue Royalties Income Fund and A&W Food Services of Canada Announce Successful Closing of Combination Transaction (newswire.ca)