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 > It gets worse....

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Comment by flamingogoldon Jan 06, 2021 3:51pm

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Post# 32235335

RE:RE:RE:It gets worse....

Surprised not a lot of volume today. It's a very illiquid stock but I would think buyers below the $3.55 offer would just unload and move on now.

Lazaros wrote:

Tommy123 wrote: Yup. Let's just hope that enough people vote no. But I suspect it'll be approved :(

I wouldn't jump to that conclusion. If they had enough shares already spoken for, they wouldn't have issued the NR the way they did. They tried awfully hard to convince us that their deal is fair and threatened to go hostile to get a vote. I don't think this is in the bag.