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 > Investor Relations

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Comment by BlueJay2020on Jan 12, 2021 12:19pm

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Post# 32276448

RE:RE:Investor Relations

The question now is when will the potential transaction become a formal offer? I don't understand why you would put out a press release for a potential offer in the first place (they already knew that the Independent Trustees didn't like it, so it would in effect be a hostile bid) and I understand even less why they haven't issued the formal offer shortly thereafter - what is the hold-up? THe longer the delay, the higher my price is going!

Fabozzi wrote: I did as well with a few specific questions. The response was the news release pertained to a potential transaction and not a formal offer.....so would not address the questions I had.

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