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 > And Janes responds....

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Comment by flamingogoldon Jun 04, 2021 5:15pm

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Post# 33334585

RE:RE:RE:RE:And Janes responds....

Without Janes at our back, SIR may have sweetened the bid a bit to lure in more votes. Add in their gloomy language of the company's future and it is very possible they could have taken it over for close to half of what we're trading for now, which for many longs would have been at a loss.

Robsopinion wrote: Agree, agree, agree, disagree that we would have been wiped out. Do you really think enough unit holders back then would have taken the buyout price?

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