On March 16, 2020, Keg Restaurants Ltd. and The Keg Royalties Income Fund announced the temporary closure of all 107 Keg locations across Canada and in select US states. At that time, KRL explained the decision was a result of the impending COVID-19 spread. The company felt it was a necessary step in order to protect the health and safety of The Keg’s guests, employees and the communities in which The Keg operates. Very quickly thereafter, Governments at various levels in each of their jurisdictions validated KRL’s decision by ordering the closure of all dine-in restaurants until further notice. In that initial announcement, senior management of KRL anticipated the closures would last at least two weeks and indicated more updates would be provided as the situation evolved. Unfortunately, and tragically, the spread of COVID-19 has escalated since that time at great human loss and with far reaching lifestyle changes as all try to do part to minimize the spread of the virus. It would now appear to be nearly certain that no re-openings will be possible for The Keg or fellow restaurant companies before June in a best case scenario.