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 > The Management Information Circular...

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Comment by flamingogoldon Jun 03, 2021 9:33am

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Post# 33317952

RE:The Management Information Circular...

This fight was started by Fowler. Janes came to the rescue for sharefholders. I will cast my vote based on that alone despite everything in the circular designed to tarnish Janes' image. I may or may not vote for his 2 elected nominees and it may not even matter now because the board number has been increased to offset the chance of Mr. Janes taking control. SIR is no saint in this fight.

About Mr. Irvine... just a wild hunch but I believe he could be an acquaintance of the Fowlers judging by his proximity to SIR's headquarters and background which I believe may be somewhere tied to Peter's father. I could be totally wrong, but either way I believe he will side with SIR.

BlueJay2020 wrote: ....is by far the most interesting I have ever read! They have tried their best to dig up some dirt on Lembit.

I tend to agree with Sir Corp that Janes completely taking over the board of trustees would not be reflective of his actual holding.

I am not sure why we need an HR trustee when the Trust doesn't employ people, but I guess it is just optics.

It will be fascinating to see how this turns out. irvine's view could swing it. If I had to guess, I would say he'd side with Fowler, but really I have no idea.