A&W Revenue Royalties Income Fund and A&W Food Services Combine to Form A&W Food Services NewCo

October 17, 2024

A&W Revenue Royalties Income Fund and A&W Food Services of Canada completed a strategic combination to create A&W Food Services NewCo, a publicly traded, growth-focused quick-service restaurant franchisor. The transaction resulted in the Fund units being delisted from the TSX and the common shares of A&W Food Services NewCo beginning trading on the TSX under ticker "AW" on October 18, 2024, providing a more conventional capital structure to finance growth initiatives.

Buyers
A&W Revenue Royalties Income Fund, A&W Food Services of Canada Inc., A&W Food Services NewCo
Targets
A&W Revenue Royalties Income Fund, A&W Food Services of Canada Inc.
Sellers
Unitholders of A&W Revenue Royalties Income Fund
Location
British Columbia, Canada
Transaction Type
Recapitalization

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