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 > BMO on Restaurant Dining Openings in Alberta

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Comment by flamingogoldon Feb 10, 2021 2:29pm

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Post# 32527599

RE:BMO on Restaurant Dining Openings in Alberta

Spring is 5 weeks away, mass vaccinations start in about 8. The pent-up demand to re-unite with lost friends and family will be epic and by early Fall we will have reached herd immunity enough to dine indoors again and avoid lockdowns.

Humans suffer recency bias something SIR Corp was looking to capitalize on. They didn't get their way and today's release reveals their frustration. Maybe this read this board too.

BlueJay2020 wrote: BMO said today that the reopening in Alberta got off to a fast start. Diners down just 33% year-over-year in Calgary and just 17% in Edmonton.on Monday.

BMO suggest that the surprise jump in activity suggested consumers were willing to re-engage with in-person services....

Of course this augurs well for what is about to happen across Ontario.

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