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 > The Fund responds...

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Comment by Fabozzion Apr 18, 2021 11:50am

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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The Fund responds...

jcw604 wrote:
The renegade chicken even without being included in the calculation of the royalty income, they will still get SIR out the jail of other lenders faster. Off course, I prefer them to be in the book of the royalty, and I think rightly so. I will be patient with the process to get there.

Agree....I just believe it could set a very bad precedent for the Fund as well as take the operating focus off of the Fund's main trademarked restaurants.

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