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 > William Frederick Irvine

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Comment by BlueJay2020on May 19, 2021 12:07pm

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Post# 33230282

RE:RE:RE:RE:William Frederick Irvine

I would agree it is, on the whole, positive. In theory, having such a large portion of the stock concentrated in a few hands should provide a floor. It would be interesting to know if Irvine has sympathy with Lembit - certainly he has been very quiet in comparison, which might speak volumes. The fact that he is now adding to an already significant position is very encouraging in terms of future SP appreciation.

The downside would be whether the large shareholders could band together and do something like take the Trust private. I don't see that as a realistic outcome at this point, and you'd be looking at double digits in terms of price per share.

Quebec's rapid shift to open restaurants is bound to put some pressure on Ford to follow suit. Let's hope the numbers keep coming down the way they have been.

flamingogold wrote: He has been a 10% investor for awhile. Right now he is accumulating like Janes and much like SIR itself wanted to before Janes stepped in. These are good signs.

Robsopinion wrote:
So we have SIR the company, Janes, and Irvine possibly owning more than 50% combined?

that's not a good thing.....