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KEG Royalties Income Fund T.KEG.UN

Alternate Symbol(s):  KRIUF

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

Comment by logicandinertiaon Jan 04, 2022 12:03pm
108 Views
Post# 34281917

RE:Ontario restaurant shutdown

RE:Ontario restaurant shutdownAgreed.  althought the muted market reaction to not only restaurants but also retail reits in canada this morning suggests short term impact.   With US cases reported at over a million a day (unreported higher), and pace of growth, likely to peak in next week or two.  ontario Politicians are just elongating things here with this BS lockdown.  But suspect we also peak in a couple of weeks.

As soon as cases roll over, suspect they will be under such political pressure (Ontario ICUs still only at 25% of pandemic peak) to reopen things that they will make the right call and reopen.  we can only take so much of this bureaucratic nonsense.   Any selloff of consequence in the REITs/Trusts will be bought, as we saw in early December.  

Good luck.
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