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.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund > Yes, yes, yes!!!

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Comment by BlueJay2020on May 31, 2021 9:55pm

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Post# 33301081

RE:RE:RE:RE:RE:RE:Yes, yes, yes!!!

Yes, that is the wildcard here. The catch-up payments appear to be $0.57 per unit, although the wording is unclear as to whether both royalties AND interest payments are included. As that represents not too far off a year under various stages of lockdown, one would think 60 cents would not be an unreasonable starting point, increasing to a buck within 12 months.

Assuming a 6 percent divi rate, that would imply $10 per share plus 57 cent catch-up, so that's what I am hoping to see tomorrow.

Amgamg67 wrote: That makes sense, but we'll see in the next few days. I'm still going to cast my vote to him, if needed for any change.

Now the next questions will be, "How much will the dividends be"...lol

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