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VANCOUVER, British Columbia, Nov. 08, 2024 (GLOBE NEWSWIRE) — The Keg Royalties Earnings Fund (the “Fund”) (TSX: KEG.UN) right this moment introduced that its November 2024 distribution of $0.0946 per unit has been declared and is payable to unitholders of document as at November 21, 2024. The November 2024 distribution will probably be paid on November 29, 2024.
The Fund is a restricted function, open-ended belief established underneath the legal guidelines of the Province of Ontario that, by way of The Keg Rights Restricted Partnership, a subsidiary of the Fund, owns sure logos and different associated mental property utilized by Keg Eating places Ltd. (“KRL”). In change to be used of these logos, 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 broaden that system by way of 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 Finest Employers 2024” survey, securing thirteenth place within the total rating throughout all industries within the nation.
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