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 > Likely to test $14

<< Previous

Bullboard Posts

Next >>

Comment by flamingogoldon Sep 17, 2023 4:02pm

199 Views

Post# 35640461

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Likely to test $14

I sold last June '22 for $15.5. I just ran the calculation and the missed distributions have since been offset by the price drop. If this prints mid $12 for a 9% distribution I'll likely re-open a position.

nedstar71 wrote: Anything is possible in this market, including $12 or below. Aways funny to hear the "in the stock" vs "out of the stock" opinions though lol.

<< Previous

Bullboard Posts

Next >>

Canadian government to fund Electric Royalties portfolio property