VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2013) - The Keg Royalties Income Fund (the "Fund") (TSX:KEG.UN) is pleased to announce that all of the nominees listed in its information circular dated April 2, 2013 were elected as trustees of the Trust at its annual meeting of unitholders held on May 14, 2013 (the "Meeting"). The results of the voting for each nominee are as follows:
|George Murray Tidball||2,934,374||99.81%||5,600||0.19%|
|Christopher Charles Woodward||2,937,374||99.91%||2,600||0.09%|
In addition, the Fund reports that the appointment of KPMG LLP as the Fund's auditors for the 2013 fiscal year was passed by a majority of the votes represented at the Meeting.
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 eleven years. For more information on our brand visit www.kegsteakhouse.com.
Keg Royalties Income Fund