A&W Revenue Royalties Income Fund Announces October 2024 Cash Distribution

VANCOUVER, BC, Oct. 1, 2024 /CNW/ - A&W Revenue Royalties Income Fund (the "Fund") (TSX: AW.UN) today declared a cash distribution of 16.0 cents per trust unit for the period September 1 to September 30, 2024.  The distribution will be paid to unitholders of record at the close of business on October 15, 2024 (the "Record Date") and will be payable on October 21, 2024 (the "Payment Date"). This distribution will remain payable on the Payment Date to unitholders of record at the close of business on the Record Date even if the previously announced strategic combination transaction between the Fund and A&W Food Services of Canada Inc. ("Food Services") is completed between the Record Date and the Payment Date.

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").

Food Services will also receive a similar dividend from Trade Marks on its investment in Trade Marks.

Food Services also announced today that it has declared a dividend in the amount of $1.0 million to its shareholder. The dividend will be paid out of Food Services' available working capital and is separate and distinct from distributions declared by the Fund to unitholders of the Fund.

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 1,047 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: Kelly Blankstein, CPA(CA), Chief Financial Officer, 604-988-2141, Email: [email protected], www.awincomefund.ca