All values are in CAD, unless noted otherwise.
A&W Revenue Royalties Income Fund (TSX: AW.UN) (AWRRF) is a top-line Canadian fund. It does not operate any restaurants or pay any expenses directly. The Fund simply earns royalty income from the gross sales of the A&W restaurants, a portion of which flows down to it courtesy its investment in chain of owners of the trademark. The unitholders of this publicly traded Fund are the eventual beneficiaries of the royalty income, which comes in the form of monthly distributions [or did until very recently]. Today,