Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

Consumer Cyclical Restaurants

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 11:35pm

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Post# 32534333

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

Of course, SIr Corp will presumably not be tendering the 20% they own, so that would make it, at most, 1/7.

jcw604 wrote:
Assuming everyone tender their shares, since Janes already have 1/10, the prorated ratio would be 1/9. However, if less than 10% of people tender their shares, the prorated ratio would be 1. From the trading volume, it seems a significant portion of holder are not trading this stock and most likely they will not tender their shares, since they are those holding it for the long term. JMHO.

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