The Keg Royalties Income Fund is a publicly traded investment vehicle listed on the Toronto Stock Exchange under the symbol KEG.UN. The Fund generates its revenues by collecting a royalty from Keg Restaurants Ltd., which is a leading Canadian restaurant chain that specializes in steakhouse concepts.
On April 11, 2024, the Fund announced its April 2024 cash distribution of $0.0946 per unit. This distribution is approved by the Fund's Board of Trustees and is payable to unitholders of record as of April 21, 2024. The payment date for this distribution is scheduled for April 30, 2024.
It is important to note that the Keg Royalties Income Fund distributes its earnings to unitholders on a monthly basis. The amount of the distribution may vary from month to month depending on the performance of the underlying business of Keg Restaurants Ltd.
The Keg Royalties Income Fund provides investors with an opportunity to invest in the growth of the Keg restaurant business while enjoying a steady stream of monthly distributions. This investment vehicle offers an attractive alternative for investors looking for regular income streams and capital appreciation potential.
The Keg Restaurants Ltd. chain operates under the Keg Steakhouse + Bar and The Keg Seafood Bar concepts and has over 100 locations across Canada and the United States. The company is known for its high-quality steaks, excellent service, and unique atmosphere that appeals to a broad range of customers.
In summary, the Keg Royalties Income Fund announced its April 2024 cash distribution of $0.0946 per unit, payable to unitholders of record as of April 21, 2024, with a payment date of April 30, 2024. This investment vehicle provides investors with regular monthly distributions and the opportunity to invest in the growth of the successful Keg restaurant business.
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