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 > recession coming?

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Comment by flamingogoldon Jan 09, 2024 10:56am

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Post# 35817346

RE:recession coming?

Yes, it would... but what recession signs are you seeing? A recession has been predicted for the last 20 months and hasn't materialized. Jobs remain steady, wage gains continue, inflation has dropped from 8% to to the 3's. The biggest consumer debt burden are mortgages but rates could get chopped as early as this Spring. All the recession fears are mostly stirred up by talking heads in the media to fill their program schedules. Either way, if we get one, it will be short and mild as central bankers now have the ammunition to counter it.