Sir Royalty Income Fund SIRZF

Primary Symbol: T.SRV.UN

Consumer Cyclical Restaurants

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

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Sir Royalty Income Fund > Traffic update

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Comment by BlueJay2020on Aug 19, 2020 1:08pm

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RE:RE:RE:RE:Traffic update

Yes, I would be a weak hand. The main reason I held the stock in the first place was the dividend. That has gone and we don't know when it will be back or what the level will be. Heck, we don't even know if the company will survive. My alternative was to invest in a company like Keyera when the dividend was in the teens, and that is what I did. And I am now sitting on close to 50% gain, and the divi is still around 8%. There are far better risk/reward opportunities than this stock at the moment, including those where we are being paid to wait. However, once they get a reasonably solid quarter under their belts, it's going to look much more attractive.

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