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 > Traffic update

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Comment by BlueJay2020on Aug 17, 2020 12:34am

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Post# 31416148

RE:RE:Traffic update

It's getting very close to the point where I will be reinvesting in this stock. I think $12-14 is a very long way away, bearing in mind the brand had its struggles pre-Covid, and they won't have magically gone away UNLESS half the competition is wiped out. It's too early to say if that will be the case. I can certainly see a 2-bagger here and possibly a 3-bagger - on the other hand, there is also downside risk here back to $2, I suspect there will be a lot of weak hands hoping to make a quick buck and get out.

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