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

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Post by flamingogoldon Jan 11, 2022 1:11pm

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Post# 34304363

Menu price increases

Took advantage of the gift card promo pre-Christmas and was checking some take-out options for Scaddabush and noticed a bump up in prices especially for the bundle meals. Goes to show how they were giving away product last year just to keep the lights on. Good to see they don't need to sell their soul anymore.

Not a bad strategy actually... sell a bunch of online gift cards, then bump up the menu prices post holiday as people (moi included) look to redeem them especially with indoor mandated closed.

Hope we can get some indoor re-opened soon, at least 25% would help the industry. Schools opening as planned is a step forward in the right direction.

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