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 > Investor Relations

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Comment by Fabozzion Jan 12, 2021 12:43pm

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Post# 32276674

RE:RE:RE:Investor Relations

I can only surmise that they were concerned that the stock price was rallying enough to make their offer a "takeunder". Given that they declared they approached Sir Royalty in "late December" perhaps that explains the high volume up move from $2.60 to $3.60ish....seems like a leak of info. But even so, this traded $3.50 in late November presumably before any talks were held. They know the $3.55 price is a steal and needed to go public to quote the "3-month weighted average" price premium IMO.

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