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 > 2.5 offers on the table

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Comment by BlueJay2020on Jan 28, 2021 8:09pm

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Post# 32416454

RE:2.5 offers on the table

Good news! This changes the landscape again. A buyer who wants to buy the entire trust would need to significantly outbid Sir Corp, because Sir Corp has the advantage that if it takes the Trust private it no longer has a $40M loan to repay.

Plus there is no way that Sir Corp, who want to acquire what they don't own rather than sell what they do, are going to sell on the cheap. They would be kissing a sizeable chunk of future profits goodbye. The price continues to go up by the day, and SIR CORP needs to get a move on!

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