Sir Royalty Income Fund SIRZF

money coming in April

[jcw604]

The following is in the NR:
Further the senior lender consented to SIR making a distribution to the Partnership and/or the Fund in an amount up to $1,000,000 for previously deferred royalty payments and/or payments of interest on the SIR Loan. This amount is expected to be paid in April 2021 . 

[flamingogold]

There is one more sentence that follows the line below. "The Fund expects to use this payment to fund operations and for general corporate purposes." The $1,000,000 payment is a positive surprise but I don't expect to receive a dividend before all indoor dining is fully re-opened across all regions, which imo is coming in the 2H of the year. Confirmation of the 7th waiver extension

[BlueJay2020]

Yes, I think this is very significant.  The senior lender thinks there is enough cash to give $1M to SRV.   Don't forget that SRV has likely incurred a chunk of consulting fees in relation to the strategic review, as well as ongoing costs (including additional taxes) - the bank probably put a restriction on the use of the funds so that they could not be distributed.  I am

[Robsopinion]

The failure to mention renegade chicken again is my biggest concern. I genuinely felt Sir Corp looked at us and treated us as partners in the past. This has changed dramatically for me in the past nine months. I now feel there is combative sentiment on both (all three I might even say) sides. This is not a healthy relationship.  is this a tactic by Sir to try and get our shares cheaply

[flamingogold]

Instagram followers for Renegade is blowing up, already over 2k. I have been tracking this and it appears to be gaining real consumer traction. I agree with your comments, if SIR is not willing to comment can we get the fund trustees to?