-
A&W Revenue Royalties Income Fund (AW.UN)
-
Boston Pizza Royalties Income Fund (BPF.UN)
-
Pizza Pizza Royalty Corp. (PZA)
Q: Let’s eat! Putting eating biases aside, of PZA, BPF.UN, and AW.UN which would you prefer to invest in?
5i Research Answer:
We would side with AW.UN. It has shown itself to be a very shrewd operator in a very competitive space. In the pandemic it only needed to stop its distribution for three months, and the rate now is higher than it was pre-Covid.