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

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Post by Lazaroson Jan 28, 2021 7:56pm

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Another buyout offer

From today's news release:

The Fund has also recently received a preliminary indication of interest from a third party to acquire all of the Fund's units under an all cash offer. No specific price was set out, but the indication of interest indicated that based on publicly available information, any offer would be at a price higher than SIR's proposal. There can be no assurance any offer will be forthcoming, or if forthcoming, completed.

www.newswire.ca/news-releases/independent-trustees-of-sir-fund-to-commence-strategic-process-advise-unitholders-to-take-no-action-on-mini-tender-at-this-time-818711977.html

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