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 > Distribution rate

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Post by BlueJay2020on Dec 10, 2021 11:56am

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Post# 34218895

Distribution rate

The hidden bonus to the special distribution is that it boosts the reported rate for the next 12 months, thereby apparently making it more appealing to income seeking investors who don't do proper due diligence!

This special distribution wasn't a surprise to me at all once I crunched the numbers from the last quarter and realised that the current level can be funded mainly from current ops, which leaves most of the deferred amounts as gravy.

Although advisable for tax reasons, still significant that management feel OK to release almost a milion bucks in cash rather than save it for a 'rainy day'.

I would not be surprised to hit $14 prior to year end with some trying to get in and scoop up the 10 cents. I have bought again today at $12.40.

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A junior copper-gold stock trading at a bargain of monumental proportions