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 > The 3.5 bidder

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Post by jcw604on Jan 10, 2021 12:54pm

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Post# 32263373

The 3.5 bidder

Bid: $3.50 Lots: 634 Ask: $3.51 Lots: 23 It seems that these NRs were helping the 3.5 bidder to get his shares cheap. Don't know if the bidder is SIR corp or an activist. It will make sense that both types of people will be interested to do that. For SIR corp, the more they can get at less than 3.55, the less they will need to buy back if the transaction ever run through. For an activist, he certainly needs to accumulate a lot more to have more say to the transaction. I believe it is the later.

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