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KEG.UN Keg Royalties Income Fund

14.93
0.07 (0.47%)
31 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Keg Royalties Income Fund TSX:KEG.UN Toronto Trust
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.07 0.47% 14.93 14.85 14.99 14.97 14.85 14.86 6,254 20:59:59

The Keg Royalties Income Fund Announces April 2014 Cash Distribution

11/04/2014 3:42am

Marketwired Canada


The Keg Royalties Income Fund (the "Fund") (TSX:KEG.UN) today announced that its
April 2014 distribution of $0.08 cents per unit has been declared and is payable
to unitholders of record as at April 21, 2014. The April 2014 distribution will
be paid on April 30, 2014.


The Fund is a limited purpose, open-ended trust established under the laws of
the Province of Ontario that, through The Keg Rights Limited Partnership (the
"Partnership"), a subsidiary of the Fund, owns certain trademarks and other
related intellectual property used by Keg Restaurants Ltd. ("KRL"). In exchange
for use of those trademarks, KRL pays the Fund a royalty of 4% of gross sales of
Keg restaurants included in the royalty pool.


With approximately 9,500 employees, over 100 restaurants and system sales of
approximately $500 million, Vancouver-based KRL is the leading operator and
franchisor of steakhouse restaurants in Canada and has a substantial presence in
select regional markets in the United States. KRL continues to operate The Keg
restaurant system and expand that system through the addition of both corporate
and franchised Keg steakhouses. KRL has been named one of the "50 Best Employers
in Canada" by Aon Hewitt for the past twelve years.


FOR FURTHER INFORMATION PLEASE CONTACT: 
The Keg Royalties Income Fund
Neil Maclean
604-276-0242
neilm@kegrestaurants.com
www.kegincomefund.com

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