VANCOUVER, BC, June 1, 2021 /CNW/ - A&W Revenue Royalties Income Fund (the Fund) (TSX: AW.UN) (TRADING SYMBOL: TSX: AW.UN) today declared a cash distribution of $0.135 cents per trust unit for the period May 1 to May 31, 2021. The distribution will be paid to unitholders of record at the close of business June 15, 2021 and will be payable on June 30, 2021. 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 994 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