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 > Extending amendments to March 21

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Post by logicandinertiaon Dec 21, 2020 9:27am

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Extending amendments to March 21

Not really a surprise, but another amendment to push date to March 31, due to the continued lockdown/closures.

also said in agreement that an immediate reinstatement of the March 2020 dividend level of $0.0875 per month not realistic once dividends start flowing again, but that is also not a surprise.

That was $1.05 in annualized distributions . I believe that in 2H/2021, a run rate of 75 percent of pre Covid levels would be 0.79 in distributions.

so, lenders still onside with deferments of covenants, and just a waiting game for this latest wave to peak and vaccines to roll out. Tax loss selling also will be seen over next few days...

good luck.

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