The Keg Royalties Income Fund Announces May 2014 Cash Distribution
May 12 2014 - 8:29PM
Marketwired
The Keg Royalties Income Fund Announces May 2014 Cash Distribution
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 12, 2014) - The
Keg Royalties Income Fund (the "Fund") (TSX:KEG.UN) today announced
that its May 2014 distribution of $0.08 cents per unit has been
declared and is payable to unitholders of record as at May 21,
2014. The May 2014 distribution will be paid on May 30, 2014.
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 (the "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% of gross
sales of Keg restaurants included in the royalty pool.
With approximately 9,500 employees, over 100 restaurants and
system sales of approximately $500 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 one of
the "50 Best Employers in Canada" by Aon Hewitt for the past twelve
years.
The Keg Royalties Income FundNeil
Maclean604-276-0242neilm@kegrestaurants.comwww.kegincomefund.com
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