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.

TSX:SRV.UN - Post by User

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 3:56pm

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Post# 32528671

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

Janes vs. Fowler playing chicken... who will bok bok first... sorry couldn't resist.

BlueJay2020 wrote: Yes, I was thinking the same thing. Not sure whether that is a deliberate tactic or not. Would it be better for Sir if shares where consolidated in fewer hands?

Regardless, it looks like 40% of the shares will now be held by just two parties, which is going to presumably make the stock even more illiquid. And neither party will be able to acquire more shares without making a full offer. Will there be a third party who wants a similar level of stake? In that event, I wouldn't rule out the stock being taken private at some point.

jcw604 wrote:
It is doing a favor for Janes food so that they can get their shares.