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A & W A & W REVENUE ROYALTIES INCOME FUND ANNOUNCES STRONG THIRD QUARTER 2021 RESULTS AND INCREASE TO THE DISTRIBUTION RATE TRADING SYMBOL : TSX : AW.UN VANCOUVER , October 20 , 2021 • Same Store Sales Growth ( ¹ ) was 16.8 % for Q3 2021 as compared to Q3 2020 . Same Store Sales Growth ( ¹ ) for the year to date period ended September 12 , 2021 was 14.0 % . • The monthly distribution rate will be increased from 15.0 ¢ per Unit to 15.5 ¢ per Unit beginning with the October 2021 distribution that is payable November 30 , 2021 . THIRD QUARTER 2021 RESULTS A & W Revenue Royalties Income Fund ( the " Fund " ) and A & W Food Services of Canada Inc. ( " A & W Food Services " ) today reported results for the third quarter and year to date period ended September 12 , 2021. The Fund will hold a conference call to discuss the results on Wednesday , October 20 , 2021 at 1:00 p.m. Pacific Time ( 4:00 p.m. Eastern Time ) . The call can be accessed by dialling toll - free 1-866-248-8441 or ( 647 ) 792- 1240 Passcode 3277538 # . A replay will be available until October 27 , 2021 by dialling toll - free 1-888-203- 1112 or ( 647 ) 436-0148 Passcode 3277538 # . Same Store Sales ( 1 ) for the third quarter of 2021 increased by 16.8 % as compared to the same quarter of 2020 . Same Store Sales for the 36 - week period ended September 12 , 2021 increased by 14.0 % as compared to the comparable period in 2020. The growth in Same Store Sales ( ® ) in the quarter was largely fueled by the lifting of COVID - 19 related public health restrictions across Canada which led to increased guest counts and a reduction in the number of A & W restaurants that were temporarily closed or were not able to offer dine - in services . As at September 12 , 2021 , only two restaurants remained temporarily closed . As of today , one of those restaurants remains temporarily closed and is expected to reopen when permitted to do so . The actions required in 2020 and 2021 in response to COVID - 19 have adversely impacted A & W restaurant operations across Canada , particularly for those restaurants located on urban street fronts and in shopping centres . Since the second quarter of 2020 when COVID - 19 impacts on A & W were at their peak , the impact of COVID - 19 on Same Store Sales ( ® ) has lessened . There does , however , continue to be uncertainty related to COVID - 19 and its impact on our business . It is possible that the number of restaurants temporarily closed increases again as the situation evolves in the next year or other restrictions or requirements are introduced affecting operations , guest counts or sales . As a result of the performance by restaurants in the Royalty Pool , the monthly distribution to unitholders will increase from 15.0 cents per Unit to 15.5 cents per Unit , beginning with the October distribution which is payable on November 30 , 2021. The new distribution rate translates into a go - forward annualized distribution rate of $ 1.86 per Unit , an increase of 3.3 % from the prior level of $ 1.80 per Unit . “ Although we continue to face challenges related to COVID - 19 , we are pleased to report strong sales growth for the quarter and are delighted to have almost all of our restaurants back open ” , said Susan Senecal , President and 1