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 > 2.5 offers on the table

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Comment by BlueJay2020on Jan 29, 2021 9:50pm

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RE:RE:RE:2.5 offers on the table

I think it is wise to hold, because the likelihood of another offer coming and exceeding $4.25 has got to be pretty high. With at least three potential bidders, one of whom is a very motivated owner of the opco, we should be looking at $6 minimum. Although I am quite impatient to see where we end up, the reality is that the longer it takes, the more society can get back to normal and get the restaurants filling up again.

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