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 > SIR Corp. Announces it's No Longer Proceeding with its Offer

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Comment by BlueJay2020on Feb 10, 2021 8:50pm

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Post# 32533539

RE:RE:RE:RE:RE:RE:SIR Corp. Announces it's No Longer Proceeding with its Offer

If that's what you intend to do, I'd tender the whole lot, and then buy back a chunk of the shares when they have drifted lower? The other reason to do that is that if you only tender, say, half your shares, you might only end up tendering half of those, so you will have 75% left. Talk about messy!

logicandinertia wrote:
Agreed that jane's offer likely to be over-tendered and this thing may drift lower post mini-tender.

Given the company's apparent combative nature, the shrinking of the pool and the stated uncertainty regarding the timing of dividend resumption , I'm tendering a chunk. My cost base is fairly modest and this situation has become so messy . I don't suppose I'm the only one.

Tough to see it rocketing north of $5 with the question marks.