Sir Royalty Income Fund T.SRV.UN

RE:What a mess

[logicandinertia]

Reading the statement from the Independent trustees, what SIR CORP may be proposing would be a collapse of the structure, and taking SIR CORP public in the process, as the idea of minority shareholders having shares in a private co is a non-starter.  

Perhaps a complex undertaking, but this idea is much more palatable to me than some $3.50 buyout garbage.  It would provide SIR CORP with a public vehicle and ability to access capital markets much more easily than what it faces today - a lender (BNS) who has seemingly severely restricted the ability for the current structure to operate (in that accrued commitments are supposed to be paid to fund holders),  The addition of a larger equity component allows SIR with a more viable currency.