Off-market insider buying at A&W Rev Rylty Inc Fnd (T:AW)

A&W Food Services of Canada Inc., a 10% Holder, acquired 465,316 Exchangeable Shares on a direct ownership basis at a price of $28.520 through a private transaction on January 5th, 2021. This represents a $13,270,812 investment into the company's shares and an account share holdings change of 10.4%.

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.