Le Lézard
Classified in: Business
Subject: v

The Keg Royalties Income Fund announces February 2019 cash distribution


VANCOUVER, British Columbia, Feb. 11, 2019 (GLOBE NEWSWIRE) -- The Keg Royalties Income Fund (the "Fund") (TSX: KEG.UN) today announced that its February 2019 distribution of $0.0946 per unit has been declared and is payable to unitholders of record as at February 21, 2019. The February 2019 distribution will be paid on February 28, 2019.

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 10,000 employees, over 100 restaurants and system sales of approximately $650 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 sixteen years.

For further information contact: 
Neil Maclean
Telephone:  604-276-0242
E-mail: [email protected]
www.kegincomefund.com 


These press releases may also interest you

at 00:14
OKX, a leading crypto exchange by trading volume and a leading Web3 technology company, has issued updates for April 19, 2024. OKX...

18 avr 2024
DHGATE Group has won the "Best B2B Cross-Border E-Commerce Marketplace Company China 2024" award at the Global Business & Finance Magazine Awards. The award recognizes leading enterprises with innovation and leadership from various industries, and...

18 avr 2024
Vipshop Holdings Limited , a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced that the Company has filed its annual report on Form 20-F that includes its audited financial statements for three years...

18 avr 2024
LEEF Brands, Inc. ("LEEF" or the "Company")  , a premier vertical cannabis operator, today announces that the holders of its 11.0% Secured Convertible Debentures due September 9, 2024 (the "September 9 Debentures") have approved proposed amendments...

18 avr 2024
SK Telecom today announced a collaboration with Aptos Labs, Brevan Howard, and Microsoft to deliver to the global financial market Aptos Ascend, a suite of end-to-end institutional solutions including a permissioned network and Digital Asset...

18 avr 2024
Curio Legacy Ventures, Inc., a Washington DC-based company dedicated to advancing a closed fuel...



News published on and distributed by: