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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 > SP Drop...
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Comment by flamingogoldon Mar 30, 2021 12:40pm
111 Views
Post# 32906467

RE:RE:RE:SP Drop...

RE:RE:RE:SP Drop...Recall we are waiting on news regarding an extension of the loan agreement set to expire tomorrow.

"SIR is currently seeking an extension to the current agreements with its senior lender, the fund and the partnership that are set to expire on March 31, 2021"

https://www.newswire.ca/news-releases/sir-royalty-income-fund-and-sir-corp-provide-update-on-financial-867518851.html

BlueJay2020 wrote: Yes, I think you are probably correct.  This damn virus just refuses to lie down.
To be honest, Janes is my main backstop - pretty sure he would buy a chunk of SIR's holding in SRV if they really needed the money!


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