Mr. Neil Maclean reports
THE KEG ROYALTIES INCOME FUND ANNOUNCES JULY 2018 CASH DISTRIBUTION
The Keg Royalties Income Fund's July, 2018, distribution of 9.46 cents per unit has been declared and is payable to unitholders of record as at July 21, 2018. The July, 2018, distribution will be paid on July 31, 2018.
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 per cent of gross sales of Keg restaurants included in the royalty pool.
With approximately 10,000 employees, over 100 restaurants and system sales of approximately $615-million, Vancouver-based KRL is the leading operator and franchisor of steak house 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 steak houses.
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