From the Wires
The Keg Royalties Income Fund Announces January 2013 Cash Distribution
By: Marketwired .
Dec. 18, 2012 11:31 PM
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/19/12 -- The Keg Royalties Income Fund (the "Fund") (TSX:KEG.UN) today announced that its January 2013 distribution of $0.08 cents per unit has been declared and is payable to unitholders of record as at December 31, 2012. The January 2013 distribution will be paid on January 31, 2013. The record date for this distribution is earlier than in other months to coincide with the Fund's year-end.
The Fund is a limited purpose, open-ended trust established under the laws of Ontario. The Fund indirectly owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. ("KRL") in its Keg Steakhouses & Bars. In exchange for the use of those trademarks, KRL pays the Fund a royalty equal to 4% of the sales of all Keg restaurants in the royalty pool.
Vancouver-based Keg Restaurants Ltd. is the leading operator and franchisor of steakhouse restaurants in Canada and has a substantial presence in select regional markets in the United States. KRL continues to operate The Keg restaurant system and expand that system through the addition of both corporate and franchised Keg steakhouses. Keg Restaurants Ltd. has been named one of the "50 Best Employers in Canada" by Aon Hewitt for the past ten years. For more information on our brand visit www.kegsteakhouse.com.
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