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 > SIR Corp. Announces it's No Longer Proceeding with its Offer

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Comment by jcw604on Feb 10, 2021 11:10pm

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RE:RE:RE:SIR Corp. Announces it's No Longer Proceeding with its Offer

The other creditors that have higher priority, then the unit holders. However, unless they go bankrupt, they would still need to eventually paid us back with what they owe us, before they can bank the money into their profits. It is a sad story more for them than us, because they are the last one in the priority list.

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