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 > Lembit and SIR settle

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Comment by BlueJay2020on Jun 15, 2021 9:56am

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Post# 33387615

RE:RE:RE:RE:RE:Lembit and SIR settle

Only modest SP activity so far today, as expected.

Next catalyst should be the announcement to restart current distributions.

BlueJay2020 wrote:

i am not particularly concerned about the SP tomorrow, but with the illiquidity everything is magnified, so who knows.

Not sure this new slate will make a massive difference other than better disclosure.

Robsopinion wrote:

So Fowler has taken his name off the list, for what I can only assume is an attempt to save face when the votes roll in.

I wonder what this news will do to the SP tomorrow? I do not expect it to be positive.

I think I will hold off on my celebrating for now.