The last year has seen two attempts to buy out Vancouver-based restaurant income funds. An open question is whether there will be a third.
The first of these attempts, for A&W’s income fund, was successful last year while the other one, for the Keg’s income fund, is readying for a unitholder vote Aug. 1.
A third one, which would reduce the number of Metro Vancouver-based restaurant income funds to zero is unlikely, one analyst told BIV.
That is because the other remaining income fund, Boston Pizza Royalties Income Fund (TSX:BPF-UN), is performing as intended and ownership has less incentive to follow the path to privatization followed by others, said Acumen Capital Finance Partners Ltd.
→ Continue reading at BIV