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 > Vax passport = no lockdown

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Comment by apollojeticon Sep 04, 2021 1:38pm

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Post# 33814605

RE:Vax passport = no lockdown

Meanwhile the share price is lower than the day they announced the distribution increase.

That says a lot. Market is still nervous about Delta variant and the fourth wave currently under way and growing.

We will have to learn to live with this virus and get on with our lives at some point.

Passport should help but some people are still very weary about indoor dining in an ongoing pandemic.

The good news is that The Keg is still a fantastic franchise with incredble food and atmosphere which will come back big at some point.

The other news is that the share price may sit in this range for a considerable period because of the uncertain climate.

When they increased the dividend in July it was based on growing vaccination rates and I'm pretty sure they were not expecting a fourth wave to start in August and take off again before we even get to the fall.

Hopefully they can continue with the 7 cent divy. They have to be very confident to keep it at that level. Let's see what happens.

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