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 flamingogoldon Jan 27, 2021 12:51pm

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Post# 32399934

RE:RE:RE:We have a competing offer!

"This is more of sending a message"... exactly, Johnny Cash style...
https://i.pinimg.com/originals/52/ef/2c/52ef2c970932ba402f79e643838c03c0.png

Lazaros wrote:

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.

Consider it more of a signal to Fowler and shareholders that there is a player who owns roughly 10% of shares that is against the offer. His offer for another 10% of the float is only to set a new floor of $4.25. The key takeaway is that he will vote against Fowler's offer. He's probably buying shares on the open market as we speak. This is more of sending a message. I welcome it.