VANCOUVER, Dec. 20 /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 December 1 to December 31, 2010. The
distribution will be paid to unitholders of record at the close of
business on December 31, 2010, and will be payable on January 31, 2011.
A&W Food Services of Canada Inc. (Food Services) will also receive
dividends at the same rate from A&W Trade Marks Inc. (Trade Marks) on
its investment in shares of Trade Marks.
On November 10, 2010, the Fund announced a substantial issuer bid (the
Offer) to purchase for cancellation 2,500,000 of its units, at a price
of $20.00 per unit. As the completion of purchase of units under the
Offer is expected to take place on December 22, 2010, and the record
date of this distribution is December 31, 2010, unitholders whose units
are purchased under the Offer will not receive the cash distribution
for the period December 1 to December 31, 2010 announced above.
Additional information relating to the Offer and the Fund is on SEDAR
at www.sedar.com and on the Fund's website at www.awincomefund.ca.
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 700 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
For further information: For further information:
Chief Financial Officer