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A&W Revenue Royalties Income Fund

10:18 AM EST - A&W Revenue Royalties Income Fund : Reported results for the first quarter ended March 22. Same Store Sales Growth was -4.0% for the first quarter of 2020 as compared to the first quarter of 2019. Same Store Sales Growth for January and February was positive, however starting March 13, 2020, COVID-19 began to have an immediate effect on A&W restaurant sales. Approximately 200 restaurants primarily in shopping centre food courts and street front locations are currently temporarily closed and sales at remaining open restaurants are restricted to drive thru, delivery and mobile ordering. As a result, starting March 13, total sales of A&W restaurants in the Royalty Pool are approximately 42% of sales prior to March 13, including the impact of closed restaurants. A&W Revenue Royalties Income Fund shares T.AW.UN are trading up $1.14 at $28.03.