An anonymous director reports

THE KEG ROYALTIES INCOME FUND ANNOUNCES OCTOBER 2023 CASH DISTRIBUTION

The Keg Royalties Income Fund's October, 2023, distribution of 9.46 cents per unit has been declared and is payable to unitholders of record as at Oct. 21, 2023. The October, 2023, distribution will be paid on Oct. 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 LP, 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.

About The Keg Royalties Income Fund

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 No. 1 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.