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 > What SIR corp should be to reduce it liability

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Comment by wildrunner11on Jan 21, 2021 12:17pm

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Post# 32345531

RE:What SIR corp should be to reduce it liability

jcw604 wrote:
What SIR corp should be to reduce it liability to the Royalty unit holders is to scoop up as many units of the fund as possible when they are still available in the market below 5 dollars and then announce a buyout at 8 dollars. They still may not get it, but at least they would have quite a lot of cheap units. Each 80,000 shares is 1%. The volume of the market is so low at the current price range. They probably will need to push it up and down to 5 dollars to get 10% of the shares.

volume today only 884 share, so no one want to sell. Wonder how long the independent valuation will take? Are they even getting it? This is ridiculous, sir Corp by their offer is now manipulating the stock price. Do I smell lawsuit?

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