A&W Revenue Royalties Income Fund Announces February Cash Distribution and Special Distribution
TRADING SYMBOL: The Toronto Stock Exchange - AW.UN
VANCOUVER, Feb. 6 /CNW/ - A&W Revenue Royalties Income Fund (the Fund)
today declared a cash distribution of 10 cents per trust unit for the period
January 1 to January 31, 2007. This distribution will be paid to unitholders
of record at the close of business on February 15th, 2007 and will be payable
on February 28th, 2007.
The Fund also today declared a Special Distribution of 8 cents per trust
unit. The Special Distribution will be paid to unitholders of record at the
close of business on February 15th, 2007 and will also be payable on February
Dividends are payable on February 28th, 2007 at the same rate to A&W Food
Services of Canada Inc. on its investment in A&W Trade Marks Inc.
Same store sales growth of the A&W restaurants in the Royalty Pool
increased by 6.2% in the fourth quarter of 2006, compared to the same quarter
of 2005. This brought the full year same store sales growth to 7.4%. Total
system sales for 2006 for all A&W restaurants in Canada, including those not
in the Royalty Pool, were $612,798,000 compared to $558,995,000 for 2005, an
increase of $53,803,000 or 9.6%. The Fund will hold a conference call to
discuss fourth quarter and year end results on February 8, 2007 at 10:30 a.m.
Pacific Time (1:30 p.m. Eastern Time). The call can be accessed by dialing
toll-free 1-800-814-4941 or (416) 644-3418. A replay will be available until
February 22, 2007, by dialing toll-free 1-877-289-8525 or (416) 640-1917
Passcode: 21218056 followed by the number sign.
Launched on February 15, 2002, the Fund, through its investment in A&W
Trade Marks Inc., receives royalties equal to 3% of the sales of 660 A&W
restaurants in the Royalty Pool. Cash distributions are paid monthly. A&W is
the second largest quick-service hamburger restaurant in Canada by number of
restaurants. Operating coast-to-coast, A&W restaurants feature famous
trade-marked menu items such as The Burger Family, Chubby Chicken and A&W Root