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 > 20+ Renegade Chicken Locations now open

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Comment by flamingogoldon Jan 26, 2022 9:29am

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Post# 34361692

RE:20+ Renegade Chicken Locations now open

I just don't see a repeat of last year. Janes was very clear about his dislike of Renegade operating out of Jack's kitchens without any monetary consideration to the Fund. In the end, the Fund did eventually receive a lump sum payment so a precendant has been set. Now with Janes on the board and Renegade operating again as before, I can only believe that a deal has been struck.

BlueJay2020 wrote: Seem to be at the Jack Astor's Locations like last time - which they said caused operational difficulties when the restaurant was open. Odd.. I hope we're not being taken advantage of again...

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