VANCOUVER, Nov. 3 /CNW/ - A&W Revenue Royalties Income Fund (the Fund) (TSX symbol AW.UN) today declared a Special Distribution of 10 cents per trust unit. The Special Distribution will be to unitholders of record at the close of business on November 15, 2009 and will be payable on November 30, 2009. For tax purposes, this distribution will be a non-eligible dividend.
The Fund also today declared its regular monthly cash distribution of 10.6 cents per trust unit for the period October 1 to October 31, 2009. The distribution will be paid to unitholders of record at the close of business on November 15, 2009, and will be payable on November 30, 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 a special dividend of 10 cents per share and the regular monthly dividend of 10.6 cents per share from A&W Trade Marks Inc. (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 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.
SOURCE A&W Food Services of Canada Inc.
For further information: For further information: Don Leslie, Chief Financial Officer, (604) 988-2141, Email: firstname.lastname@example.org, www.awincomefund.ca