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.

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Sir Royalty Income Fund > Offer price

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Comment by Lazaroson Jan 06, 2021 12:04pm

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Post# 32233421

RE:RE:Offer price

The release is interesting because it implies the non-SIR related independent directors think it is a low ball. There is no other reason for even mentioning a "hostile" takeover. The trustees were not impressed. Neither am I. This is a great deal for SIR Corp but not for the Fund. Even if they resume distributions at $0.03 per month, that's still a 10% yield at current prices. This offer is too low and it is obvious.

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Corus reports Q1 profit drop in the face of falling revenue