TRADING SYMBOL:TSX: AW.UN
VANCOUVER, BC, July 22, 2024 /CNW/ - A&W Revenue Royalties Income Fund (TSX: AW.UN) (the "Fund") and A&W Food Services of Canada Inc. ("A&W Food Services") today announced that they have agreed to a strategic combination (the "Transaction") that will create a leading publicly traded growth-focused QSR franchisor ("A&W Food Services NewCo"). Following closing, A&W Food Services NewCo will provide converting unitholders with full and direct access to significantly greater growth and capital appreciation potential and expects to pay attractive quarterly dividends at the same annualized rate as the current monthly distributions paid to the Fund's unitholders (currently equal to $1.92 per unit).
Read more at newswire.ca