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 08, 2021 9:53pm

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Post# 33519541

RE:RE:RE:RE:RE:RE:RE:RE:RE:Dividends start tomorrow?

Actually, I think that is incorrect. It's a bit of a strange way of doing it (LIFO not FIFO) - but the July 7th date relates to distributions on current sales.which will be monthly starting this month. The condition relates to the distributions since COVD struck, which will result in the $4.8M of accrued royalties/interest being paid out evenly from the trigger point until June 2022. I agree that will likely be October - by which point we should be receiving around 10 cents a unit combined. At current prices this would equate, temporarily, to a 15% yield.

wildrunner11 wrote: Amg, You need to reread the June 23rd bulletin. In subsequent events, royalty and interest payments start on July 7th to Sir but dividends have a condition, need 50 seats available of indoor dining for six consecutive weeks. So, I believe Step 3 will open indoor, so I'm not expecting didvidends till end of October.

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