VANCOUVER, Dec. 2 /CNW/ - A&W Revenue Royalties Income Fund (the Fund) (TSX symbol AW.UN) today declared a cash distribution of 10.6 cents per trust unit for the period November 1 to November 30, 2009. The distribution will be paid to unitholders of record at the close of business on December 15, 2009, and will be payable on December 31, 2009. 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 10.6 cents per share from A&W Trade Marks Inc. (Trade Marks) on its investment in Trade Marks.
A&W Food Services of Canada Inc. today declared a dividend of $5 million on its common shares payable to its shareholders on December 4, 2009.
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 685 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.