Sir Royalty Income Fund SIRZF

News?

[Compypaul]

Price has jumped about 6% or so in the past hour. Anyone care to speculate on the why?

[BlueJay2020]

I'm struggling to think of anything. They have already announced the divi as unchanged. This is so thinly traded and tightly held that 6 percent is not that extraordinary.  The distribution is just so attractive right now!  

[flamingogold]

This is tightly held, no major sellers so anyone wanting in will need to pay up for shares. The big fish bought it dirt cheap and will be holding for years of double digit tax efficient divs.

[wildrunner11]

From what I see this stock is considered good protection from inflation. My PZA stock had a nice increase today as well. If we get inflation, then prices rise, our royalties rise, dividend payment increase. So some embedded protection on inflation. 

[Robsopinion]

Just be careful Windrunner, as inflation takes hold, people may find themselves without the disposable income they previously had. They may not be able to reduce expenditures on things like gas or groceries, but they can eliminate pizza night, and trips to the bars/restaurants.