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.

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Sir Royalty Income Fund > Bidding war

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Comment by flamingogoldon Jan 07, 2021 4:04pm

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Post# 32247139

RE:RE:RE:RE:RE:RE:RE:RE:Bidding war

Possible someone is looking to accumulate. A bid for that many shares at $3.50 doesn't make sense for any street investor. The illiqidity of this stock makes it hard to flip for pennies with only a 5¢ margin. We can only hope it is an activist investor or another institution. The float is not that large.

jcw604 wrote:
There is huge bidding at 199*100 at 3.50. It can be that the insiders were trying to get more to ensure the deal or it could be another bidder. It will more likely to be another bidder, because the way the PR is presented is that they have no idea about the recent rise in price. It looks like that the activist considered this announcement as their 2nd chance to get something cheap and simply commit more money to it.

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