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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 > Wow! Irvine Votes for Lembit!
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Comment by BlueJay2020on Jun 07, 2021 1:12pm
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Post# 33340882

RE:RE:Wow! Irvine Votes for Lembit!

RE:RE:Wow! Irvine Votes for Lembit!That's not very surprising about the lack of response.  I had a question for IR last week about whether the loan interest was included in the 'royalty' (I assume it must be) - no response. 

I really hope you can get back to break-even in that account.  Even with all the faffing about with selling and repurchasing my ACB is $5.38 so I am closing in on a double.  And of course a bountiful distribution still to come. 


quote=Robsopinion]

This is incredibly unexpected, yet fantastic news! 

last week (Thursday or Friday) I reached out to both Mr Janes and SIR IR. Lembit responded right away. SIR IR still has not responded.  

I hold units in multiple accounts. In one of my registered account where I took a position and re-invested the distribution back into it my ACB is $14.266. Yet Fowler wanted them for a couple of shiny nickels. 

[/quote]

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