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 > Back to business baby!

<< Previous

Bullboard Posts

Next >>

Post by flamingogoldon Jun 01, 2021 8:32am

70 Views

Post# 33301829

Back to business baby!

I have over 10k as well. Last night's news is a welcome surprise as the dividend re-instatement nears earlier than anticipated and noticeably with a cheerier Mr. Fowler too.

I suppose a deal was made with Mr. Janes but with concessions. All Renegade kitchens operating out of Jacks will cease for now which puts the friction about dividends on their sales to rest. I am hoping that down the road this take-out conept will find a way to grow and vend into the fund.

I am also wondering in his deal with SIR Corp, if Mr. Janes will back off on running for the board. I hope this is not the case, but I will be a holder of the stock regardless. 2022-23 are going to be the best years for the hospitality industry with the additional wild card of Renegade rolling into the Fund.

<< Previous

Bullboard Posts

Next >>

High Tide adds two stores to undervalued cannabis retail network