Mr. Neil MacLean reports
THE KEG ROYALTIES INCOME FUND ANNOUNCES TRUSTEE ELECTION RESULTS FOR ITS 2018 UNITHOLDER MEETING
All of the nominees listed in The Keg Royalties Income Fund's information circular dated March 29, 2018, were elected as trustees of the trust at the annual meeting of unitholders held on May 15, 2018. The results of the voting for each nominee are as set out in the attached table.
VOTING RESULTS FOR ELECTION OF TRUSTEES
Nominee Votes for Votes withheld
Number % Number %
Christopher Charles Woodward 7,102,115 99.82% 12,697 0.18%
Tim Kerr 7,100,260 99.80% 14,552 0.20%
George Killy 7,102,124 99.82% 12,688 0.18%
In addition, the fund reports that the appointment of KPMG LLP as the fund's auditor for the 2018 fiscal year was passed by a majority of the votes represented at the meeting.
About The Keg Royalties Income Fund
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.
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