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VANCOUVER, British Columbia, March 13, 2024 (GLOBE NEWSWIRE) — The Keg Royalties Revenue Fund (the “Fund”) (TSX: KEG.UN) immediately introduced that its March 2024 distribution of $0.0946 per unit has been declared and is payable to unitholders of file as at March 21, 2024. The March 2024 distribution shall be paid on March 29, 2024.
The Fund is a restricted goal, open-ended belief established beneath the legal guidelines of the Province of Ontario that, by The Keg Rights Restricted Partnership, a subsidiary of the Fund, owns sure emblems and different associated mental property utilized by Keg Eating places Ltd. (“KRL”). In alternate to be used of these emblems, KRL pays the Fund a royalty of 4% of product sales of Keg eating places included within the royalty pool.
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With roughly 10,000 workers, over 100 eating places and annual system gross sales exceeding $700 million, Vancouver-based KRL is the main operator and franchisor of steakhouse eating places in Canada and has a considerable presence in choose regional markets in the USA. KRL continues to function The Keg restaurant system and develop that system by the addition of each company and franchised Keg steakhouses. KRL has been named the primary restaurant firm to work for in Canada within the newest version of Forbes “Canada’s Greatest Employers 2024” survey, securing thirteenth place within the total rating throughout all industries within the nation.
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