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

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

Donald Leslie, a 10% Holder, acquired 131,038 Trust Units on an indirect ownership basis for registered holder Micnic Consulting Inc. at a price of $36.420 through a private transaction on April 16th, 2021. This represents a $4,772,404 investment into the company's shares and an account share holdings change of greater than 100%.

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.