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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Sir Royalty Income Fund > William Frederick Irvine

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Post by Robsopinion on May 19, 2021 7:20am

William Frederick Irvine

Have I missed something somewhere? He also owns over 10% also?

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Comment by BlueJay2020 on May 19, 2021 7:45am

I am scratching my head as well! SIR Royalty Income Fund ( SRV-UN-T +6.45%increase On May 10, William Frederick Irvine, with an ownership position exceeding 10 per cent, acquired 116,200 units at an average price per unit of approximately $5.57. The cost of this investment totaled roughly $647,000, not including trading fees.

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Comment by Robsopinion on May 19, 2021 8:20am

So we have SIR the company, Janes, and Irvine possibly owning more than 50% combined? that's not a good thing.....

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Comment by flamingogold on May 19, 2021 10:11am

He has been a 10% investor for awhile. Right now he is accumulating like Janes and much like SIR itself wanted to before Janes stepped in. These are good signs.

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Comment by BlueJay2020 on May 19, 2021 12:07pm

I would agree it is, on the whole, positive. In theory, having such a large portion of the stock concentrated in a few hands should provide a floor. It would be interesting to know if Irvine has sympathy with Lembit - certainly he has been very quiet in comparison, which might speak volumes. The fact that he is now adding to an already significant position is very encouraging in ...more

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Sir Royalty Income Fund