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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Comment by BlueJay2020on Sep 02, 2021 2:55am

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Post# 33799521

RE:RE:RE:RE:RE:Volume

I believe SIR have stated a few times that thry had insurance but their claim was rejected - and that they are pursuing this. No mention iof the size of the claim.

Robsopinion wrote: Do we know if SIR has insurance? I know other large restaurant companies "self insure" for the corporate stores, taking only the basic legally required. The thinking being what they lose in lost claims is more than made up for in premium savings. They make sure the franchises are insured so they aren't on the hook or incur any losses though lol

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