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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 > today's distribution
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Comment by Robsopinionon Feb 20, 2024 11:35am
98 Views
Post# 35888946

RE:RE:today's distribution

RE:RE:today's distributionMy wife and I went on Saturday night. Heartland, Mississauga location. We tried to make a reservation in the morning but nothing was available online, so we went for 5:30 thinking we could beat the rush. They had bar stools available, 40 min wait for a table in the lounge (front area, tables, but really an extension of the bar) and nothing in the dinning room until after 8:30pm. we waited for a lounge table. Some people took the bar stools, and they filled up. Table after table (dozens) walked in, and unfortunately out. Food and service met or exceeded expectations.
This was though Family Day weekend, and possibly Valentines Day weekend for some, so that likely had some impact on business flow.
Overall, very impressed.
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