The Keg Royalties Income Fund announces July 2024 cash distribution
11 July 2024 - 10:47AM
The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today
announced that its July 2024 distribution of $0.0946 per unit has
been declared and is payable to unitholders of record as at July
21, 2024. The July 2024 distribution will be paid on July 31, 2024.
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, 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 10,000 employees, over 100
restaurants and annual system sales exceeding $700 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 the number one restaurant company to work for in
Canada in the latest edition of Forbes "Canada's Best Employers
2024" survey, securing thirteenth place in the overall ranking
across all industries in the country.
For further information contact:
Investor Relations
Telephone: 604-276-0242
E-mail: InvestorRelations@kegrestaurants.com
https://www.thekeg.com/en/keg-income-fund