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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Comment by BlueJay2020on Jan 12, 2021 11:12pm

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RE:RE:RE:RE:RE:RE:RE:RE:RE:Bid

The counter-argument to that would be that we are seeing the rise of home food delivery services like Hello Fresh and Good Foods, and also takeout delivery like Uber Eats - however, none of them can replace the social nature of a meal at a restaurant. Plus, it looks like a certain segment of the population will have lots of money to spend on discretionary stuff like eating out. I think popular chains like Jack Astor's will benefit from that, whereas the weaker players may not survive to benefit.

jcw604 wrote: If you look at the oil price, people are pricing in a returning back to normal. To me, oil demand should be lost for good, at least a portion of it, because of the use of Google meeting and Zoom for online meeting. A lot of hi-tech companies are finding themselves saving millions of dollars because of the change of business venue. They are unlikely to want to change back. Therefore, a certain portion of oil demand will be lost because of reduced travelling for business meeting. However, as far as eating is concern, nothing will be changed. You cannot do virtual breakfast, lunch or dinner. It must be phyiscal. Therefore, they will eventually return back to normal. The happy hormones resulted from eating will drive out all fears. JMHO.

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