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Keg Royalties Income Fund (The)
Symbol KEG
Shares Issued 11,353,500
Close 2022-05-20 C$ 15.45
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Keg unitholders elect two trustees at AGM

2022-05-20 21:51 ET - News Release

Mr. Christopher Woodward reports

THE KEG ROYALTIES INCOME FUND ANNOUNCES TRUSTEE ELECTION RESULTS FOR ITS 2022 UNITHOLDER MEETING

All of The Keg Royalties Income Fund's nominees listed in its information circular dated April 11, 2022, were elected as trustees at its annual meeting of unitholders held on May 17, 2022. The results of the voting for each nominee are set out in the attached table.

                VOTING RESULTS FOR TRUSTEES

Nominee                              Votes for       Votes withheld

                                  Number        %    Number       %   

Christopher Charles Woodward   7,658,871   91.20%   738,958   8.80% 
Tim Kerr                       7,777,577   92.61%   620,252   7.39% 

In addition, the fund reports that the appointment of KPMG LLP as the fund's auditor for the 2022 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.

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. KRL has been named one of the 50 best employers in Canada by Aon Hewitt for the past 17 years.

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