Vancouver, British Columbia, May 20, 2022 (GlobeNewswire) – The KEG Royalty Income Fund (“Fund”) (TSX: KEG.UN) is pleased to announce that all nominees listed in the April 11 Information Notice 2022 will be appointed trustees of the Trust on May 17, 2022. Elected at the Annual Meeting of the Unitholders (“Meeting”) held in 2022 The result of the vote of each nominated candidate is as follows:
|Nominee||Vote for||Voting suspended|
|Christopher Charles Woodward||6,758,81||91.20%||738,958||8.80%|
In addition, the fund reports that a majority vote was passed to represent KPMG LLP as the auditor of the fund for FY 2022.
About the Cage Royalty Income Fund
The fund is a limited-purpose, open-ended trust established under the law of the province of Ontario that owns some of the trademarks and other related intellectual property used by Keg Restaurants Limited, through a partnership with Keg Rights Limited, a subsidiary of the fund. “KRL”). In exchange for using these trademarks, the KRL royalty funds the royalty of 4% of the total sales of the Keg restaurants included in the pool.
Vancouver-based KRL is a leading steakhouse restaurant operator and franchisor in Canada and has a substantial presence in selected regional markets in the United States. KRL continues to operate The Cage Restaurant System and expands that system through the addition of both corporate and franchised Cage Steakhouses. KRL has been named one of “Canada’s 50 Best Employers” by Aon Hewitt for the past seventeen years.
The trustees of the fund have approved the content of this press release.
For more information:
Telephone: (604) 276-0242
Email: [email protected]