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.

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KEG Royalties Income Fund > Store visit - some feedback

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Comment by flamingogoldon Nov 12, 2020 10:35am

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Post# 31884697

RE:RE:RE:RE:RE:RE:Store visit - some feedback

Hermann, I'm disappointed with the decision to extend the lockdown of indoor dining. Here in the GTA indoor dining has been shuttered for 28 days and because of rising cases they just extended it another 28 days.

If cases are rising even though indoor dining has been closed during that period, obviously the spread is originating from other sources. So, why continue to punish just the restaurants? Why not a more thorough targetted approach at the source?

Patio season, even with heaters and tarps, is ending and this additional 28 day lockdown does not help a steakhouse. Steak is not top of mind when takeout or drive-through are the only options. I want covid crushed as quick as anyone else, but the approach should be more targetted than just a blanket lockdown.

On the flipside, these lockdowns will destroy many competing businesses making Keg a winner in the end.

HermannHaller wrote: Tired of Tim's donuts??? I'm tempted to put you on 'ignore' for such an egregious comment. LOL

KEG.un is gradually looking up. Maybe more people recognize outlook with vaccine. A lot of beat up value stocks doing well this week.

good luck.