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 > October distribution...

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Comment by flamingogoldon Oct 04, 2021 8:41pm

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Post# 33965201

RE:RE:RE:October distribution...

The 2021 office parties will be replaced by re-united friends and family. Last year I did not have Thanksgiving or Christmas with my daughter and her fiancee, it was a quick masked event. And, I still have close friends I have not met in over a year. I believe the worst has passed and this Fall the big reconnection begins.

BlueJay2020 wrote: It's certainly not completely out of the question. There are so many factors that go into the decision. SIR was perhaps a bit hasty pre-COVID to raise the distribution and then had to cut it. Will that give them pause for thought, or will the new composition of the Trustees result in a more agressive stance?

Then there's the message they might want to send to current and potential investors - but is that really a factor? The short/medium share price should be pretty irrelevant to these big fish.

Personally, if they are looking to raise the distribution again, then I think January would be the time to do it, once Christmas is under their belt. I guess we still won't have work Christmas parties lining up, unless some companies see this as an ideal opportunity to bring their teams together after so long working remotely.

flamingogold wrote: Judging from what I witnessed on the weekend, I am ready to believe anything. Sports is back, indoor dining restrictions are likely to hold or decrease and this year's holiday season will be gangbusters while last year was lost. Another bump in the distribution is likely possible soon after if not earlier. Long and strong!

BlueJay2020 wrote: ..will be anounced possibly this week, or early next. Anyone prepared to bet that it won't be another nine-center? I'm not!