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 > Janes food becomes like activist investor

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Post by jcw604on Feb 12, 2021 4:56am

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Post# 32549562

Janes food becomes like activist investor

Janes food, being an entity with a lot of money, when involved with the negotiation with the senior lenders, might be able to speed up the re-activation of income distribution to the unit-holders.

In the NR, they mentioned:

The Offeror reiterates its willingness to work with the Independent Trustees and will seek to formally engage with the Independent Trustees shortly. Mr. Janes expects and hopes that the Independent Trustees will work with him, as the largest independent unitholder of the Fund, in the best interests of ALL unitholders.

Now, hopefully the trustee will find Janes food fair, reasonable and helpful in regarding to their negotiate with the senior lenders.

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