The Keg Royalties Income Fund Announces Results of Election of Trustees for Its 2022 Meeting of Unitholders

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VANCOUVER, British Columbia, May 20, 2022 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) is pleased to announce that all nominees listed in its information circular dated of April 11, 2022 were elected Trustees of the Trust at its annual meeting of unitholders held on May 17, 2022 (the “Meeting”). The voting results for each candidate are as follows:

Candidate vote for Votes withheld
No. % No. %
Christopher Charles Woodward 7,658,871 91.20% 738 958 8.80%
Tim Kerr 7,777,577 92.61% 620 252 7.39%

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In addition, the Fund notes that the appointment of KPMG LLP as auditors of the Fund for the 2022 fiscal year was passed by a majority of the votes represented at the meeting.

About the Keg Royalties Income Fund

The Fund is an open-ended, limited purpose trust established under the laws of the Province of Ontario which, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other intellectual property related products used by Keg Restaurants Ltd. (“KRL”). In exchange for the use of these trademarks, KRL pays the Fund a royalty of 4% of the gross sales of Keg restaurants included in the royalty pool.

Based in Vancouver, KRL is the leading operator and franchisor of steakhouses in Canada and has a significant presence in select regional markets in the United States. KRL continues to operate The Keg restaurant system and expand this system through the addition of corporate and franchise Keg steakhouses. KRL has been named one of “Canada’s Top 50 Employers” by Aon Hewitt for the past seventeen years.

The Trustees of the Fund have approved the contents of this press release.

For more information:

Investor Relations
Phone: (604) 276-0242
Email: [email protected]

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