Vancouver-based the Keg Royalties Income Fund (TSX:KEG.UN) reported a 1.9% drop in restaurant sales due to a decline in same-store sales in 2010’s first quarter.
Total sales fell to $120.3 million, due to a 3.2% decline in same-store sales in Canada and a 14.4% drop in the U.S. for the period ending April 4, 2010.Consequently, revenue to the income fund, which obtains a royalty from restaurant sales in its royalty pool, declined to $4.7 million from $4.9 million. Distributable per-unit cash available to pay distributions to the fund