Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

Financial Services Asset Management

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 > Trading halt - any guesses as to what the news is?

<< Previous

Bullboard Posts

Next >>

Comment by BlueJay2020on Jan 06, 2021 11:01am

78 Views

Post# 32232797

RE:RE:RE:Trading halt - any guesses as to what the news is?

If it was closing restaurants, they would already have the press release ready and issued it. It would be odd timing after getting banking support until the end of March, at least.

Also why would we have had a run-up since the end of 2020? I think there is something bigger and more positive afoot. Sale to a bigger fish, who wants to eliminate the royalty component and will offer $7 a share to do so? Here's hoping!

<< Previous

Bullboard Posts

Next >>

Quantum eMotion leaps by 20 per cent after Becton Dickinson deal