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.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund > 2.5 offers on the table

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Comment by BlueJay2020on Jan 29, 2021 10:33pm

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RE:RE:RE:RE:RE:2.5 offers on the table

Yeah, that does simplify things a bit. I am amazed at people that held all the way down to a buck fifty. I got out in March and took the loss - I was already in a loss position as the stock had sunk quite significantly even before COVID and that was the final straw, I kept my eye on it until the vaccines and have been adding ever since. Ironically I now how over 5 times the amount of shares I sold in March. If we could get back to a buck a share of dividends every year, I'd be very nicely set. at a 33% yield on cost! :)

lostcauses wrote:

I agree with BlueJay. However for me the decision is likely easier to make as i'm still underwater with my shares at the current SP.. Seeing restrictions and lockdowns winding down in the near future any interested third party would like to get an offer on the table asap b4 things return to 'normal'.

Also there is plenty of money in the market due to various stimilus programs, so we would likely get a bid higher > 4.25. IMO.

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