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 > Will Fairfax also buy KEG.UN ?

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Comment by pierrelebelon Dec 14, 2022 11:45am

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Post# 35171004

RE:Will Fairfax also buy KEG.UN ?

It is now four months since Fairfax offered to buy Recipe Unlimited (which includes the Keg)

Nothing has been mentionned yet about acquiring the Keg Royalties Income Fund.

Now that the transaction has closed, it would make sense for Fairfax to acquire the Fund.

I still expect to see $20.00 early 2023. In the meantime we get our 7% yield - it beats the bank!

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