Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

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 > We have a competing offer!

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Comment by Fabozzion Jan 27, 2021 11:43am

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Post# 32399190

RE:RE:We have a competing offer!

babedinkleman wrote: 825,000 units? That isn't a competing offer.....it's a pathetic excuse to try to bump up the share price on the cheap.

In what way is this pathetic lol ? Long-term holder sees the highly opportunistic takeover attempt and decides to back his conviction that it is too low by offering to double his position at 20% higher than the takeover price ? This places SIR Corp in an embarrassing position in my opinion as they would likely have to bump their original offer by at least a third to get something done.

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