The Keg Royalties Income Fund (TSX: KEG.UN, OTC: KRIUF)

Restaurant royalty trust The Keg has received a takeover offer from Fairfax Financial, the owner, through its Recipe Unlimited company, of the Keg steakhouse chain as well as Swiss Chalet, Harvey’s, and East Side Mario’s amongst other chains. Investors should accept the bid, which represents a 35% gain on the original recommendation plus almost 20 years of income averaging 5% annually. The Keg suspended its distributions during the Covid outbreak but rapidly restored them once restaurants reopened in 2021. Alternatively, investors can sell in the market at $18.20. - Gavin Graham