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 jcw604on Feb 10, 2021 8:21pm

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Post# 32533375

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

Every time when SIR corp make an announcement regarding buying or cancelation of their buying of the royalty fund, the stock went down. It went down because of the low ball offered price and the cancelation of the low ball supporting level. The market is being irrational but to a certain extent rational, like even though SIR corp is a bidder that is being ignored, it still is a bidder, one that gives a floor for all fund units vs Janes food is only buying 10% of the shares. With this drop Janes food may be able to get 50% of what they wanted to get, since their offer is better than the current market price, at least for today's close, and would motivate people to call their broker to tender their shares tomorrow morning. I bought quite a lot today at various prices. May buy more tomorrow.

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