A&W Revenue Royalties Income Fund Announces May 2013 Cash Distribution VANCOUVER, May 1, 2013 /CNW/ - A&W Revenue Royalties Income Fund (the Fund) (TSX symbol AW.UN) today declared a cash distribution of 11.7 cents per trust unit for the period April 1 to April 30, 2013. The distribution will be paid to unitholders of record at the close of business on May 15, 2013, and will be payable on May 31, 2013. 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. A&W Food Services of Canada Inc. today declared a dividend of $3 million on its common shares payable to its shareholders on May 2, 2013. 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 760 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. Don Leslie Chief Financial Officer 604-988-2141 Email:email@example.com www.awincomefund.ca SOURCE: A&W Revenue Royalties Income Fund To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2013/01/c2457.html CO: A&W Food Services of Canada Inc. ST: British Columbia NI: FBR FOD RES FND FLOWS DIV -0- May/01/2013 16:09 GMT
A&W Revenue Royalties Income Fund Announces May 2013 Cash Distribution
Press spacebar to pause and continue. Press esc to stop.