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Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s):  SIRZF

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.


TSX:SRV.UN - Post by User

Post by Robsopinionon Sep 08, 2023 1:23pm
129 Views
Post# 35626485

holding strong

holding strongIt's amazing how well these units have held up, in relation to its peers. it shows how tightly held it is, both by retail and institutional investors now.
if any normal person is wondering why something like 104 shares would be traded, right after the dividend was paid, it's likely because someone(s) have their account set up to re-invest the dividend payment into new units. The brokerage had to cover at the best cost, and took the shares out of a bigger lot that someone else put up for sale. 
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