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.

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Sir Royalty Income Fund > Good news!

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Comment by flamingogoldon Mar 20, 2021 3:49pm

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RE:Good news!

Last Fall I wrote about getting to the other side of covid. We are almost there as covid slowly comes to an end and the economy re-opens. We lag the US by a couple of months but we are on the road to better days. Expect the US to have the biggest July 4th ceremony in the hisotry of it's independence as a show of strength that they lead the world in defeating this awful disease. It will also send a message to the world that 2020 is in the rear view mirror.

BlueJay2020 wrote:
From Globe abd Mail:

Ontario will permit outdoor dining in Toronto and Peel Region while also allowing more people to gather indoors at restaurants in other areas, even as health officials urged caution in the face of more contagious and deadly COVID-19 variants.

The move to loosen rules for restaurants and bars, which take effect Saturday at 12:01 a.m., was made as Premier Doug Ford announced that Ontario is opening up vaccine appointments to adults 75 and over starting Monday.

The decision by Mr. Ford’s cabinet to allow outdoor dining in the grey lockdown zones – which include Toronto, Peel, Lambton, Sudbury and Thunder Bay – was accompanied by a surprise move to expand capacity limits for restaurants in the red and orange zones.

The changes mean that restaurants in the red zone will go from a 10-person maximum indoors to 50-per-cent capacity or a maximum of 50 people. In orange, the previous 50-person maximum indoors goes to 100. The government says patrons can only dine with members of their households, unless they live alone. Ontario also recently relaxed capacity limits for churches and religious ceremonies in lockdown regions.