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

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Post by BigBearLivingon Mar 27, 2024 2:21pm

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Post# 35956093

The Keg Royalties Income Fund Earnings Results (Full Year)

The Keg Royalties Income Fund reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was CAD 34.05 million compared to CAD 31.36 million a year ago. Net income was CAD 25.16 million compared to CAD 5.3 million a year ago.

Basic earnings per share from continuing operations was CAD 2.22 compared to CAD 0.47 a year ago. Diluted earnings per share from continuing operations was CAD 1.23 compared to CAD 0.47 a year ago.

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