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A and W Revenue Royalties Income Fund AWRRF


Primary Symbol: T.AW.UN

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.


TSX:AW.UN - Post by User

A and W Revenue Royalties Income Fund
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Post by Betteryear2on May 02, 2023 9:12pm
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Post# 35426489

STRONG FIRST QUARTER 2023 RESULTS T.AW.UN

STRONG FIRST QUARTER 2023 RESULTS T.AW.UN

VANCOUVER, BC, May 2, 2023 /CNW/ - 

  • Royalty income increased by 8.1% in Q1 2023 as compared to Q1 2022.
  • Royalty Pool Same Store Sales Growth(i) was +6.1% for Q1 2023 as compared to Q1 2022.
 
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