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 > SIR CORP RESULTS

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Comment by BlueJay2020on Dec 07, 2020 7:13pm

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Post# 32054849

RE:RE:RE:SIR CORP RESULTS

The other factor, and I don't know how significant this is, or how significant a source of significant funding it 'could' be - but there are also gift card inflows, especially at this time of year. I haven't seen anything other than fairly normal discounts to the face value, which seems to indicate management has not seen the need to get inflows in this way. I am not justifying it as a 'legitimate' funding option, but by the same token it can come in very handy.

GreatClips barbers are a great example - I paid over $200 a few months ago for a gift card that gives me a set number of haircuts at 13.99 compared to the regular 19.99. I have enough on credit for 18 months worth of haircuts, but it makes financial sense for me to do it, and they got to use that money during the pandemic.

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