A&W Revenue Royalties Income Fund Announces Special Cash Distribution and November Cash Distribution
VANCOUVER, Nov. 4 /CNW/ - A&W Revenue Royalties Income Fund (the Fund)
(TSX symbol AW.UN) today declared a Special Distribution of 10 cents per trust
unit. The Special Distribution will be to unitholders of record at the close
of business on November 15, 2008 and will be payable on November 28, 2008. For
tax purposes, this distribution will be a non-eligible dividend.
The Fund also today declared its regular monthly cash distribution of
10.6 cents per trust unit for the period October 1 to October 31, 2008. The
distribution will be paid to unitholders of record at the close of business on
November 15, 2008, and will be payable on November 28, 2008. For tax purposes
8.958 cents per unit of this distribution will be other taxable income and
1.642 cents per unit will be non-eligible dividends.
A&W Food Services of Canada Inc. (Food Services) will also receive a
special dividend of 10 cents per share and the regular monthly dividend of
10.6 cents per share from A&W Trade Marks Inc. (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 676 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.