A&W Revenue Royalties Income Fund Announces December 2010 Cash Distribution
December 06 2010 - 11:30AM
PR Newswire (Canada)
VANCOUVER, Dec. 6 /CNW/ -- VANCOUVER, Dec. 6 /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 November 1 to November 30, 2010. The distribution will be
paid to unitholders of record at the close of business on December
15, 2010, and will be payable on December 31, 2010. 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 10.6 cents per share 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. The Offer is made
to all of the Fund's unitholders, including Food Services who has
agreed to deposit to the Offer shares of Trade Marks exchangeable
for a total of 2,500,000 units. If more than 2,500,000 units
are tendered, the Fund will purchase the units on a pro rata
basis. The Offer will remain open for acceptance until
December 17, 2010 unless withdrawn or extended by the Fund. As the
completion of purchase of units under the Offer is expected to take
place on or after December 20, 2010, unitholders who tender units
under the Offer will receive the cash distribution for the period
November 1 to November 30, 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. A&W Food Services of Canada Inc. today
declared a dividend of $6 million on its common shares payable to
its shareholders on December 8, 2010. To view this news release in
HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/December2010/06/c2812.html
pDon Lesliebr/ Chief Financial Officerbr/ 604-988-2141br/ Email: a
href="mailto:investorrelations@aw.ca"investorrelations@aw.ca/abr/ a
href="http://www.awincomefund.ca"www.awincomefund.ca/a/p
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