Le Lézard
Classified in: Business
Subject: v

The Keg Royalties Income Fund announces August 2023 cash distribution


VANCOUVER, British Columbia, Aug. 11, 2023 (GLOBE NEWSWIRE) -- The Keg Royalties Income Fund (the "Fund") (TSX: KEG.UN) today announced that its August 2023 distribution of $0.0946 per unit has been declared and is payable to unitholders of record as at August 21, 2023. The August 2023 distribution will be paid on August 31, 2023.

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 approaching $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 2023" survey, securing third place in the overall ranking across all industries in the country.



These press releases may also interest you

at 19:45
ROSEN, SKILLED INVESTOR COUNSEL, Encourages Inari Medical, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - NARI
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Inari Medical, Inc. between February 24, 2022 and February 28, 2024, both dates inclusive (the "Class...

at 19:43
ROSEN, LEADING INVESTOR COUNSEL, Encourages GoodRx Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - GDRX
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of GoodRx Holdings, Inc. between September 23, 2020 and November 8, 2022, both dates inclusive (the "Class Period"), of the important June 21, 2024 lead...

at 19:42
Ecopetrol makes second call to holders of its domestic public debt for an ordinary meeting of bondholders
Ecopetrol S.A. informs that, as reported yesterday, May 20, 2024, the quorum required to hold the ordinary meeting of holders of Ecopetrol's bonds issued in 2010 and 2013 were not met. Such meetings had previously been called by Alianza Valores...

at 19:30
Hyundai Motor Drives Sustainable Clean Logistics in U.S. with Vision for Hydrogen Society
Hyundai Motor joins its third straight Advanced Clean Transportation (ACT) Expo to share its hydrogen vision, HTWO, and introduce its U.S. hydrogen commercial vehicle businessAt its press conference, Hyundai Motor shares its U.S. hydrogen commercial...

at 19:20
High Arctic Announces Toronto Stock Exchange Conditional Approval of Listing of High Arctic Shares to be Issued under the Plan of Arrangement
High Arctic Energy Services Inc. ("High Arctic" or the "Corporation") is pleased to announce that the Toronto Stock Exchange (the "TSX") has conditionally approved the listing on the TSX of the new common shares of High Arctic ("New High Arctic...

at 19:15
FRNT Financial Inc. Closes Private Placement
FRNT Financial Inc. (the "Company" or "FRNT") today announces the closing of its previously announced brokered private placement offering (the "Offering") for aggregate gross proceeds of approximately $1.24 million. Under the terms of the...

More news about Business...


News published on and distributed by: