Bullboard - Stock Discussion Forum 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... see more

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TSX:SRV.UN - Post Discussion

Sir Royalty Income Fund > Some selling pressure

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Post by flamingogold on Mar 12, 2024 12:46pm

Some selling pressure

Longtime investor with (+10% security holder), William Frederick Irvine, now the "estate of" since his passing in 2021, has been on the sell side since the beginning of the month. Only about 17k shares, but it doesn't take much to move the stock in either direction. They sold some stock last year as well (total of 35.5k).

Everyone has their reasons to sell occasionally. Even board member and activist Lembit Janes sold last year likely to raise capital to fund his purchases of SPA where he is also on the board. We're now at a 52 week low. We'll see how much selling the Irvine family needs to do.