A&W Revenue Royalties Income Fund (the Fund) declared a cash distribution of 16.0 cents per trust unit for the period April 1 to April 30, 2024. The distribution will be paid to unitholders of record at the close of business May 15, 2024 and will be payable on May 31, 2024. This distribution will be taxed as a non-eligible dividend, as the source of funds to pay the distribution is a dividend from A&W Trade Marks Inc. ("Trade Marks").