February 11, 2004: Vancouver, British Columbia - The Keg Royalties Income Fund (TSX:KEG.UN) (The “Fund”) announced today that The Charles F. White Corporation (“CFW”) has filed a Notice of Intention with securities regulatory authorities to sell up to 367,300 units of the Fund. CFW may begin selling these units on or about February 18th, 2004.
CFW is wholly owned by Mr. David Aisenstat, who is also the President, CEO and sole shareholder of Keg Restaurants Ltd. (“KRL”). KRL remains the Fund’s largest stakeholder, currently holding securities convertible into 1,739,313 fund units, representing 17.58% of the outstanding units on a fully diluted basis. KRL’s interest in the Fund has grown from its 10% retained interest at the time of the Fund’s IPO in May 2002 and continues to grow each year as the royalty stream from newly opened Keg restaurants is transferred to the Fund.
For more information please contact:
Manager, Investor Relations
The Keg Royalties Income Fund