Sir Royalty Income Fund SIRZF

Primary Symbol: T.SRV.UN

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 > KEG DISTRIBUTION REDUCTION WILL WEIGH ON SECTOR SENTIMENT

<< Previous

Bullboard Posts

Next >>

Comment by flamingogoldon Feb 16, 2021 9:22am

85 Views

Post# 32571881

RE:RE:KEG DISTRIBUTION REDUCTION WILL WEIGH ON SECTOR SENTIMENT

Keg is the best Canadian brand in the restaurant space and for this reason alone I continue to own it. But, even the best managed companies can make mistakes.

Back in October cases were rising yet mangement decided to up the dividend. This is a company that is primarily reliant on indoor dining and with winter approaching and cases rising they moved in error to up the dividend.

Having said that I will add if it gets down to the low $10's. It is a winner in the post covid economy.

BlueJay2020 wrote: The timing of this doesn't make a lot of sense to me, with most parts of the country opening up now. They've managed to get this far...

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading