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 Sep 22, 2012 6:51am

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Post# 20399084

I made the right decision !

I'm glad I stayed the course with this one. They executed their remaining credit facility. ie borrowed more money for expansion a few months back, and caused some shivering in the air. But the expansion seems to be paying off, and market approves it.

The SP has gone back up to pre - DPU Reduction levels. Immediately post-reduction, the price dropped below $8.00 this year. See the price and the chart for yourself.... I'm staying the course for this one, and shall accumulate if it goes below $10.50 again.

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