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.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund

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Post by JReynoldson Mar 26, 2011 10:43pm

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Post# 18346099

Anybody exchanging for Indexplus Income Fund ?

There is a new IPO coming-up - the REIT Indexplus Income Fund. This fund allows prospective investors to acquire their IPO'ed Units by way of exchange with units of SRV.UN at a ratio which will be determined soon, hence investors do not need to come up with hard cash for the purchase.

At $12.00, the yield is only 6.5% for the new income fund, whereas we are now earning around 7.8% minimum for SRV.UN. Is this still a viable exchange ?

Perhaps the new income fund has better future prospects than SRV.UN ?

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