Article Content
VANCOUVER, British Columbia, Aug. 9, 2024 (GLOBE NEWSWIRE) — Keg Revenue Income Fund (the “Fund”) (TSX: KEG.UN) today announced that an August 2024 distribution of $0.0946 per unit has been declared and is payable to unitholders of record as of August 21, 2024. The August 2024 distribution will be paid on August 30, 2024.
The Fund is an open-ended, limited-term trust established under the laws of the Province of Ontario, which, through Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property rights used by Keg Restaurants Ltd. (“KRL”). In exchange for the use of such trademarks, KRL pays the Fund a royalty of 4% of the gross sales of Keg Restaurants included in the royalty pool.
Article Content
With nearly 10,000 employees, more than 100 restaurants and annual system sales exceeding $700 million, Vancouver-based KRL is the leading steakhouse franchise operator and owner in Canada and has a significant presence in select regional markets in the United States. KRL continues to operate The Keg restaurant system and expands that system by adding corporate and franchised Keg steakhouses. KRL was named the #1 restaurant company to work for in Canada in the latest edition of Forbes’ “Canada’s Best Employers 2024” survey, ranking 13th overall across all industries in the country.
Share this article on your social network