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 > Statement from the Independent Trustees

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Comment by wildrunner11on Jan 08, 2021 12:30pm

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Post# 32254574

RE:RE:RE:RE:RE:RE:RE:Statement from the Independent Trustees

Well I'm in agreement with Bluejay2020, I bump should occur. We need a proper Business Equity Valuation, from what I know, this would be assessed on revenue stream and then impairment for current conditions and of course continued viability of Corp(which is dramatically improving with Feds subsidies and rollout of vaccine)

the Corp has decided $3.55 is fair based on 90 day rolling share price, if this was before COVID I think most of us would be fine with 90 day rolling share price and a 15% bump but they the Corp are using the bottom of the COVID with signs of improvement and a light at the tunnel to their advantage not appropriate in the situation.

really this is disgusting.

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