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A&W Food Services of Canada Inc. Files Early Warning Report

VANCOUVER , Jan. 5, 2018 /CNW/ - A&W Food Services of Canada Inc. ("Food Services") announced today that it has filed an early warning report dated January 5, 2018 (the "Early Warning Report") with respect its ownership of securities indirectly exchangeable for limited voting units ("Limited Voting Units") of A&W Revenue Royalties Income Fund (the "Fund"). 

Prior to December 8, 2017 , Food Services had ownership and control of securities indirectly exchangeable for 3,359,700 Units of the Fund, representing approximately 21.1% of the outstanding voting securities of the Fund.

On December 8, 2017 , Food Services acquired ownership and control of 150,665 limited partnership units ("LP Units") of A&W Trade Marks Limited Partnership (the "Partnership"), which are indirectly exchangeable for 150,665 Units of the Fund.  This acquisition did not result in Food Services acquiring beneficial ownership of, or control or direction over, either (i) an additional 2% or more of the outstanding securities of the class of securities that was the subject of the most recent early warning report required to be filed by Food Services, or (ii) securities convertible into an additional 2% or more of the outstanding securities referred to at (i). On January 5, 2018 , Food Services acquired ownership and control of a further 596,251 LP Units of the Partnership which are indirectly exchangeable for 596,251 Limited Voting Units of the Fund. As a result of these transactions, and Food Service's percentage interest in the outstanding voting securities of the Fund increased by approximately 3.6% on a diluted basis.

Following the transactions on December 8, 2017 and January 5, 2018 , and assuming Food Services exercises all of its exchange rights and all the LP Units held by Food Services, and other exchangeable securities already held by Food Services, are indirectly exchanged for Units of the Fund, Food Services would hold 4,106,616 Units of the Fund, representing approximately 24.7% of the outstanding voting securities of the Fund on a diluted basis.

Food Services acquired the 150,665 LP Units on December 8, 2017 at a price of $34.75 per LP Unit and the 596,251 LP Units on January 5, 2018 at a price of $34.87 per LP Unit, in each case, by way of private agreement.

Food Services acquired the aforementioned securities for investment purposes only. Food Services may acquire additional securities of the Fund in the future and may continue to acquire, on a yearly basis, further LP Units of the Partnership which are indirectly exchangeable for Limited Voting Units of the Fund.

The head office of the Fund is also located at the address noted above.

SOURCE A&W Food Services of Canada Inc.


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