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KEG Royalties Income Fund T.KEG.UN

Alternate Symbol(s):  KRIUF

Consumer Cyclical Restaurants
The Keg Royalties Income Fund (the Fund) is a limited-purpose open-ended trust. The Fund’s objective is to provide consistent monthly distributions to unitholders at the highest sustainable level. The Fund, through its subsidiary The Keg Rights Limited Partnership (the Partnership), purchased The Keg trademarks and other related intellectual property (the Keg Rights) from Keg Restaurants Ltd. (KRL). The business of the Partnership is the ownership of the Keg Rights and, through a License and Royalty Agreement with KRL to exploit the use of the Keg Rights and the collection of the royalty payable under the License and Royalty Agreement equal to 4% of gross sales of Keg restaurants included in a specific pool (the Royalty Pool). KRL’s principal activity is the operation and franchising of Keg steakhouse and bar restaurants in Canada and the United States. The Keg GP Ltd. is the general partner of the partnership and administrator of the Fund.


TSX:KEG.UN - Post by User

KEG Royalties Income Fund
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Comment by logicandinertiaon Mar 21, 2020 8:10pm
173 Views
Post# 30834239

RE:RE:Back to 2009 crises levels

RE:RE:Back to 2009 crises levelsIf it is months, the majority of independent restaurants will go out of business.  Most restarants only have 30-45 days of cash reserve.  And bank lines aren't likely to be extended or expanded if there is no visibility towards reopening.  Therefore, it will be weeks, not months.  

The government will have to step up testing, and mandate older people to be very careful, but ultimately reopen this economy.   Ruining large swaths of the economy by keeping them closed is not something the public will allow for too long.  All the employees in the hospitality industry would be destitute.   

On the other side of this, many smaller chains/franchisees will be out of business.   THe survivors will have a chance to increase share in the CDN market.  We have needed consiolidation for some time.   KEG and SIR look particularly interesting.   GOod luck.  
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