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 > Renegade Chicken

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Comment by BlueJay2020on Feb 05, 2021 1:46pm

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Post# 32485791

RE:RE:Renegade Chicken

How are we paying for overheads and costs incurred by Sir Corp? I accept that we're currently loaning them some money to do it (deferred distributions) but that's not quite the same. And, if it's net cash positive, then that will assist in freeing up that owed money, and more. However, I agree with you that I don't like the secrecy of it and the chicken smells fishy to me. I'm investing in a Trust, but that's about the only trust I have any investment in at the moment!

flamingogold wrote: It is not, it's a new concept. I accidentally discovered it while exploring the SIR app on my phone while looking to place an order with either Jack's or Scaddabush.

There must be costs associated to launch that business under the roof of Jack Astors that we as shareholders are paying for right now... rent, heat, labour for sure and possibly food.

I like the concept, I would love to be a part of it and see it grow, I think it has legs. What I don't like is management's secrecy of it. This gets launched while they withhold our distributions and try to lowball us with an offer.

Fabozzi wrote: Are you sure that is a part of SIR ?