A&W Food Services of Canada Inc., a 10% Holder, disposed of 1,560,000 Exchangeable Shares on a direct ownership basis at a price of $44.550 through a private transaction on June 5th, 2019. This represents a $69,498,000 divestment of the company's shares and an account share holdings change of -31.2%.
A&W Rev Rylty Inc Fnd is in the Restaurants & Bars Sub Industry Group under the Consumer Cyclicals Sector.
A&W Revenue Royalties Income Fund (the Fund) is a limited purpose trust. The Fund invests in A&W Trade Marks Inc. (Trade Marks), which through its ownership interest in the A&W Trade Marks Limited Partnership (Partnership), owns the A&W trade-marks used in the A&W quick service restaurant business in Canada. The Fund's capital management objectives are to have cash and cash equivalents to pay distributions to its unit-holders, after its debt service and income tax obligations; provisions for general and administrative expenses; retention of reasonable working capital reserves, and amounts that may be paid by the Fund. The Fund licenses A&W trade-marks to A&W Food Services of Canada Inc. (Food Services). Food Services is a franchisor of hamburger quick service restaurants in Canada.
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