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 Aug 10, 2023 11:15am

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3 new Scaddabush locations in the works

Latest earnings release reveals the expansion of the Scaddabush brand in Whity, Barrie and central (Don Mills area) of Toronto. I see the brand eventually expanding outside Ontario as well to join Jack's in other provinces.

"we advanced the planning and development of three new Scaddabush restaurants to build on the strong momentum of the Scaddabush brand. We expect these ongoing initiatives to support growth in Pooled Revenue and Same Store Sales, to the benefit of Fund unitholders."

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