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 > SIR Corp. Announces it's No Longer Proceeding with its Offer

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Comment by flamingogoldon Feb 10, 2021 1:30pm

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Post# 32526904

RE:SIR Corp. Announces it's No Longer Proceeding with its Offer

Fine by me. Time to hunker down and fight our way through this together.

I would be concerned if Jacks and Scaddabush in the burbs were shuttering with the work-from-home scenario still on. City cores have been gutted. They will come back but it will take time and with a stronger balance sheet SRV can always re-launch there.

I like the new take-out Renegade Chicken concept, I think it will carve out a piece of the lucrative fast food market. The potential to quickly grow without the capital intensive requirement of dine-in locations is tremendous.