A&W Revenue Royalties Income Fund Announces January 2011 Cash Distribution
December 20 2010 - 2:13PM
PR Newswire (Canada)
VANCOUVER, Dec. 20 /CNW/ -- 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. To view
this news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/December2010/20/c6762.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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