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 > Lender of last resort

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Comment by flamingogoldon Apr 26, 2021 10:37am

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RE:RE:Lender of last resort

I should add they were referring to restos in New York, which was previously hard hit by covid and locked down much like Ontario is now.

flamingogold wrote: We (and Europe) are a couple of months behind the US which, at one point was leading the world in daily cases, is now leading in daily vaccinations. Today on CNBC the hosts were talking about how restaurants are fully packed and how hard it is to get reservatons. Hard to believe when we look at what's going on here.

The US is also going to announce the end of masking in public and Europe is soon to drop its flight restriction imposed since March 2020 on US travellers who are fully vaccinated.

The third wave caught many by surprise but we are closer to the end than many think.

BlueJay2020 wrote: Do we think it possible that Janes might be a lender of last resort for SIR CORP if needed? He has an increasing amount of skin in the game. SIR CORP would have to swallow their pride, but if it was that or going bust....

I am not suggesting that we are close to that scenario, but looking at worst case scenarios if this drags on through the summer.