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

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Post by BoredDeveloperon Jan 06, 2021 12:48pm

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Post# 32233830

Tricky to the end

Back when COVID first erupted, I went back and forth briefly on whether to keep any of my SIR holdings. Pretty quickly I came to agree with somebody here who said SIR was just too opaque, that we never really knew what was going on with them and they weren't a proper investment. (For instance, even before COVID there were the tax tricks that always seemed to generate last-minute headaches with my returns).

That observation about them being opaque is looking more apt now than ever. I am glad I took the small hit I did and sold out back in March.

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Gold begins to flow at Endeavour's Lafigué mine in Côte d'Ivoire