A&W Revenue Royalties Income Fund Announces December 2023 Cash Distribution
Canada NewsWire
VANCOUVER, BC , Dec. 6, 2023 /CNW/ - A&W Revenue Royalties Income Fund (the Fund) (TSX: AW.UN) today declared a cash distribution of 16.0 cents per trust unit for the period November 1 to November 30, 2023 . The distribution will be paid to unitholders of record at the close of business December 15, 2023 and will be payable on December 29, 2023 . 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 1,037 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
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