A&W Revenue Royalties Income Fund Announces June 2016 Cash Distribution
A&W Revenue Royalties Income Fund
21 minutes ago
VANCOUVER , June 2, 2016 /CNW/ - A&W Revenue Royalties Income Fund (the Fund) (TSX symbol AW.UN) today declared a cash distribution of 13.0 cents per trust unit for the period May 1 to May 31, 2016 . The distribution will be paid to unitholders of record at the close of business on June 15, 2016 , and will be payable on June 30, 2016 . 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 838 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
Contact:
Don Leslie, Chief Financial Officer, 604-988-2141, Email: investorrelations@aw.ca, www.awincomefund.ca
finance.yahoo.com |
