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
SOURCE: A&W Revenue Royalties Income Fund
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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
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