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 > Bidding war

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Comment by BlueJay2020on Jan 07, 2021 10:52am

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Post# 32241761

RE:RE:Bidding war

I think that is pretty unlikely to be honest. I just don't see a little royalty stream with a market cap of $30M worth any trouble for the type of investor that we would need to intervene.

What is interesting from today's SIR Corp. filings is that cash on hand increased by over $1M from quarter to quarter. There does not appear to be a cash crunch at this point.

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