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BRIEF-The KEG Royalties Income Fund Reports First Quarter 2021 Financial Results

05/11/2021 19:59
BRIEF-The KEG Royalties Income Fund Reports First Quarter 2021 Financial Results

- KEG Royalties Income Fund KEG_u.TO:

  • THE KEG ROYALTIES INCOME FUND REPORTS FIRST QUARTER 2021 FINANCIAL RESULTS

  • KRL'S RESTAURANTS CLOSED FOR 53.4% OF QUARTER

  • KRL SYSTEM SALES DOWN 52.4% TO $68.6M FOR 13-WEEK PERIOD

  • ROYALTY POOL SALES DOWN 51.9% TO $68.6M FOR QUARTER

  • DISTRIBUTABLE CASH DOWN 76.7% TO 12.0 CENTS/FUND UNIT FOR QUARTER

  • PAYOUT RATIO WAS 140.6% FOR Q1 OF 2021

Source text for Eikon: ID:nGNX7R4p7l

Further company coverage: KEG_u.TO


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