December 15, 2008 // Franchising.com // Vancouver, – The Keg Royalties Income Fund (the "Fund") (TSX: KEG.UN) today announced that its December 2008 distribution of $0.1065 cents per unit has been declared and is payable to unitholders of record as at December 21, 2008. The December 2008 distribution will be paid on December 31, 2008.
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. Keg Restaurants Ltd. continues to operate The Keg restaurant system and expand that system through the addition of both corporate and franchised Keg steakhouses. The Keg has been named one of the "50 Best Employers in Canada" for the past six years by the Globe and Mail's Report on Business Magazine.
The Keg Steakhouse & Bar is the undisputed Steakhouse leader in Canada, with an ever-growing presence in the United States.