TSX:SRV.UN - Post by User
Post by
flamingogoldon Jun 10, 2021 4:45pm
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Post# 33366944
Royalty payments to recommence July 7
Royalty payments to recommence July 7As per the gold proxy circular I received today...
"Current royalty payments to the Fund are to recommene effective July 7, 2021."
"The Corporation will be entitled to begin repaying deferred royalty payments under the condition that at least 25 restaurants have, for six consecutive weeks, been allowed the use of at least 50 indoor dining seats and the use of their patios (with social distancing). The repayments are expected to be made in equal monthly installments such that the deferred amounts are targeted, absent any defaults occurring, to be fully repaid by the credit maturity date of July 6, 2022".
I am very optimistic that with the continued successful vaccine rollout that by the Fall we will achieve the minimum indoor seating requirement to begin receiving the deferred royalty payments.