Bullboard - Stock Discussion Forum 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... see more

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TSX:SRV.UN - Post Discussion

Sir Royalty Income Fund > Ontario moves to lockdown for 28 days

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Post by frugalGreg on Apr 01, 2021 6:38am

Ontario moves to lockdown for 28 days

https://www.cbc.ca/news/canada/toronto/covid-19-ontario-emergency-brake-lockdown-grey-zone-1.5972277

Province moving into gray lockdown zone starting Saturday. Prohibits indoor dining - still unclear if patio dining will continue to be allowed with members of same household as is currently in place.

With SIR's heavy concentration in Toronto, this may not meaningfully change things for SIR, it's nonetheless not good news on the reopening front overall. I suspect this is what's driven the price down in the last 2 days.