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

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Post by flamingogoldon Jul 16, 2021 9:49am

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Post# 33558668

Better positioned

Let's not forget that while the fund lost some stores, many of those were the poorest performers. Covid accelerated the inevitable and now we run leaner.

It also spawned the Renegade brand. This take-out model is great ammunition to have on the shelf in case we see any stiffening of covid rules going into the Fall and Winter. With Lembit on the board now, the friction over operating Renegade out of Jacks kitchens will be removed.

From war and survival we now move to peace and profitability.

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