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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
Bullboard Posts
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Comment by gleeno2001on Jul 05, 2011 8:53am
273 Views
Post# 18795555

RE: What happened

RE: What happenedIMHO the drop is a result of anticipation for  a small dist. cut, due to high payout ratio and due to costs associated with the eventual conversion. My guess would be a move to .07 monthly dist.....This should stabilize the share price and regain investor confidence. Cheers ! 
Bullboard Posts
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