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 > In what world…

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Comment by pjn0987654321on Jun 01, 2021 10:19am

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RE:RE:In what world…

babedinkleman wrote: 'Jack Astors' (the worst performing big chain pre covid).

That is worrying. Also, they said several times they don't expect the dividend to be put back to pre covid levels, which sounds to me like their way of saying another dividend cut was coming. However, when the restrictions lift, the business could do exceptionally well because of pent up demand.

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