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Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s):  SIRZF

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

Bullboard Posts
Comment by Trallalainveston Jun 23, 2020 5:56am
43 Views
Post# 31179563

RE:RE:RE:Anyone who ignores this is a moron

RE:RE:RE:Anyone who ignores this is a moron
as a gentleman I will forgo the name calling if you want to quote management news release you should the whole thing. "The Partnership and the Fund have agreed to continue to defer the collection of restaurant royalties and interest on the SIR Loan from SIR until June 30, 2020, in order to provide SIR with financial support during the COVID-19 pandemic. However, this date may need to be extended, which cannot be assured" wow June 30th! So management is monitoring the situation and will act accordingly. There is no reason dividend can't be restored way before some random 6 months you've pulled from somewhere that involves a hole ;). The whole Corona thing has done nothing but scared people that cannot think for them self and caused economy's to temperarily lag. Stay positive restaurants are opening and customers are out to eat. Majority of people that think for them self know the whole Corona and blm are all politically motivated non sense for controlling masses.
Bullboard Posts