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

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Post by logicandinertiaon Apr 11, 2018 5:43am

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Post# 27864437

Sir raises distribution - dividend yield now 8.2 percent

Good news as the company has raised its distribution for the first time since June 2013. Up over 5 percent to $0.10 per month, or $1.20 annualized.

The catalyst is a combination of new stores and ssss growth.

This equity is unique - growing distribution, above average yield, zero franchising (so far), opportunities to expand (virtually no stores outside of Ontario), and well managed. Has compounded at north of 15 percent return for more than a decade.

"This increase to unitholder distributions is supported by the strong performance of our restaurant brands and reflects our consistent focus on investing in new and existing restaurants to drive growth in royalty pooled revenue and same store sales," said Peter Fowler, President and CEO of SIR Corp.

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