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

Bullboard Posts

Comment by JReynoldson Dec 08, 2012 3:38am

180 Views

Post# 20702173

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: POR above

Okay - well, to me, a debt is a debt, and it a bank lends out, it takes a collateral as a safeguard ! If really everything falls apart, and truly liquidation needs to take place, the unitholders will end up last on the line of creditors to stake their claims on whatever that's left. We can only hope that whatever SIR Corp takes-up for expansion purposes will work out, and the new restaurants will contribute to the pool of revenue to feed our dividends.

I prefer to take things simple.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario