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 > Dividends start tomorrow?

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Comment by BlueJay2020on Jul 06, 2021 4:07pm

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Post# 33500313

RE:RE:RE:Dividends start tomorrow?

Yeah, I don't see a relapse on the cards in Ontario. England has taken the right approach and scrapping all restrictions on July 19 - they have basically said if we don't do it now, when are we going to do it? Enough is enough,

Distribution restart is key in the short-term. Longer-term, comp sales are going to be as critical as always but it's going to be a long while before the numbers are meaningful.

flamingogold wrote: Ontario indoor dining, which is where the majority of the restos reside, is set to reopen in a couple of weeks. I have been doing some visual checks of surrounding locations and the customer traffic looks decent. Thankfully the vaccines are working which will make indoor dining a permanent reality even with the delta variant or more that may inevitably arise. Whatever the dividend to start is 2¢, 3¢. 4¢ or more, we are surely heading towards better days.

BlueJay2020 wrote: Good question! July 7 always seemed an odd date to me. My understanding is that this is simply the dividing line between the deferred and the current distributions. I don't expect an announcement tomorrow, but perhaps in a couple of weeks when they have a better idea of what the distribution is going to be. I could be completely wrong, though - and of course we have Lembit and co. on board, so that may change the approach and level of communication.

Distirbution levels could be choppy over the next few months - will they flex them to max actual earnings or try and smooth them out? We will have to wait and see, I guess.

Amgamg67 wrote:
July 7 is when they're going to start or announce the dividends?