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 > Activist investor

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Comment by flamingogoldon Jan 06, 2021 9:06pm

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Post# 32239349

RE:RE:Activist investor

This is more like a takeunder than a takeover.

Tommy123 wrote: Agreed; that would be ideal. I wish there was something we could do to prevent this takeover from proceeding. It's so opportunistic considering 12 to 18 months from now the buyers will be receiving an almost 30% return annually on their investment once the distributions are restored.

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