VANCOUVER, BC, May perhaps 9, 2022 /CNW/ – A&W Income Royalties Income Fund (the Fund) AW nowadays declared a dollars distribution of 15.5 cents for every believe in device for the time period April 1 to April 30, 2022. The distribution will be compensated to unitholders of record at the shut of company Could 15, 2022 and will be payable on May 31, 2022. This distribution will be taxed as a non-qualified dividend, as the source of funds to shell out the distribution is a dividend from A&W Trade Marks Inc. (“Trade Marks”).
A&W Foods Companies of Canada Inc. (“Meals Companies”) will also get a similar dividend from Trade Marks on its investment in Trade Marks.
Food Expert services also announced now that it has declared a dividend in the volume of $.8 million to its shareholder. The dividend will be compensated out of Food items Services’ obtainable working cash and is different and distinct from distributions declared by the Fund to unitholders of the Fund.
Released on February 15, 2002, the Fund, through its financial investment in Trade Marks, is entitled to receive royalties from Foodstuff Products and services in the quantity of 3% of the income of the 1,015 A&W dining establishments in the Royalty Pool. Hard cash distributions are paid regular. A&W is the second largest brief-assistance hamburger restaurant chain in Canada. Functioning coast-to-coastline, A&W places to eat feature well-known trade-marked menu goods this kind of as The Burger Family members®, Chubby Hen® and A&W Root Beer®.
Source A&W Revenue Royalties Money Fund
Perspective unique articles: http://www.newswire.ca/en/releases/archive/Could2022/09/c0227.html