/PRNewswire/ Vertical Capital Income Fund (NYSE: VCIF) today announced that the Fund s Annual Meeting of Shareholders will be held on August 27, 2021, at.
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VANCOUVER, British Columbia, May 11, 2021 (GLOBE NEWSWIRE) The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) and Keg Restaurants Ltd (“KRL”) are pleased to announce the financial results of the Fund for the first quarter of 2021.
HIGHLIGHTS
KRL system sales down 52.4% to $68.6M for the 13-week period
Royalty Pool sales down 51.9% to $68.6M for the quarter
Distributable cash down 76.7% to 12.0 cents/Fund unit for the quarter
Payout ratio was 140.6% for the first quarter of 2021
Royalty Pool sales reported by the 106 Keg restaurants in the Royalty Pool were $68,575,000 for the quarter, a decrease of $74,078,000 or 51.9% from the comparable quarter of the prior year.