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 > Bid increases to 4.75

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Comment by BlueJay2020on Feb 05, 2021 9:32am

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Post# 32482447

RE:Bid increases to 4.75

It was blindingly obvious this was coming after the cold calling of yesterday. It puts further daylight between Janes and Sir Corp's offer, but I am not sure it really changes that much, does it? An extra 50 cents is probably fairly unlikely to persuade shareholders to hand over their holdings.

It is still Sir Corp who need to make the next move, and shareholders would be wise to wait and see what this is (and of course there is the wildcard of the independent trustees strategic review). I just hope we don't get into nickel and diming on bids, and someone actually puts a decent offer in.

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